Motorpoint Group (LON:MOTR) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Motorpoint Group Plc (LON:MOTR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 136.53 and traded as high as GBX 141. Motorpoint Group shares last traded at GBX 141, with a volume of 6 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Motorpoint Group from GBX 200 to GBX 190 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Shore Capital Group reiterated a “house stock” rating on shares of Motorpoint Group in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Motorpoint Group presently has a consensus rating of “Buy” and a consensus target price of GBX 190.

Motorpoint Group Stock Up 2.4%

The stock has a market cap of £112.28 million, a price-to-earnings ratio of 39.17 and a beta of 1.00. The stock has a 50 day simple moving average of GBX 136.53 and a 200 day simple moving average of GBX 148.40. The company has a quick ratio of 0.12, a current ratio of 1.06 and a debt-to-equity ratio of 226.34.

About Motorpoint Group

Motorpoint is the UK’s leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection stores, the Group provides an unrivalled offering in the nearly new and used car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes.