Cazoo Group (NYSE:CZOO) Earns Neutral Rating from Analysts at UBS Group

Equities researchers at UBS Group initiated coverage on shares of Cazoo Group (NYSE:CZOOGet Rating) in a report released on Wednesday, Briefing.com reports. The brokerage set a “neutral” rating and a $2.60 price target on the stock. UBS Group’s target price suggests a potential upside of 30.65% from the company’s current price.

CZOO has been the subject of several other reports. Zacks Investment Research lowered Cazoo Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Bank of America cut shares of Cazoo Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $6.60 to $3.50 in a research note on Thursday, April 14th.

Shares of CZOO opened at $1.99 on Wednesday. The firm has a 50 day moving average of $2.89 and a 200 day moving average of $5.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.28 and a quick ratio of 1.07. Cazoo Group has a twelve month low of $1.99 and a twelve month high of $10.13.

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in Cazoo Group in the fourth quarter valued at approximately $82,000. Eidelman Virant Capital acquired a new position in shares of Cazoo Group in the fourth quarter worth about $84,000. Oribel Capital Management LP purchased a new position in Cazoo Group during the third quarter worth approximately $130,000. Handelsbanken Fonder AB acquired a new stake in Cazoo Group in the 4th quarter valued at $122,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in Cazoo Group in the 4th quarter worth about $148,000. 44.27% of the stock is currently owned by hedge funds and other institutional investors.

Cazoo Group Company Profile (Get Rating)

Cazoo Group Ltd operates as an online car retailer in the United Kingdom and Europe. The company was founded in 2018 and is headquartered in London, the United Kingdom. Cazoo Group Ltd operates as a subsidiary of Cazoo Holdings Limited.

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