Vertu Motors (LON:VTU) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Vertu Motors plc (LON:VTU) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 60.67 and traded as high as GBX 64.80. Vertu Motors shares last traded at GBX 63.43, with a volume of 113,654 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their target price on Vertu Motors from GBX 78 to GBX 76 and set a “buy” rating for the company in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 76.

Vertu Motors Trading Down 1.5%

The business has a 50 day simple moving average of GBX 60.67 and a 200-day simple moving average of GBX 61.88. The stock has a market capitalization of £195.69 million, a price-to-earnings ratio of 13.30 and a beta of 0.75. The company has a debt-to-equity ratio of 66.13, a current ratio of 1.02 and a quick ratio of 0.26.

Vertu Motors Company Profile

Vertu Motors plc operates as an automotive retailer in the United Kingdom. The company sells new and used cars and motorcycles, vans, motability cars, and commercial vehicles, as well as provides related aftersales services. It operates chain of franchised dealerships offering sales, service, parts, and bodyshop facilities for new and used cars, and commercial vehicles under the Bristol Street Motors, Macklin Motors, and Vertu Motors. The company's franchise dealerships include Audi, BMW, Honda, Jaguar, Jeep, Kia, Volvo, Land Rover, Mercedes-Benz, Mercedes-AMG, MINI, smart, Volkswagen, Citroen, CUPRA, Dacia, DS, Ford, Hyundai, MG, Nissan, Peugeot, Renault, SEAT, SKODA, Vauxhall, Ford, Mazda, and Toyota.