Tata Motors Upgraded to “Buy” by Deutsche Bank (TTM)
Tata Motors (NYSE:TTM) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein initiated coverage on shares of Tata Motors (NYSE:TTM) in a research note to investors on Tuesday, September 24th. They set an “outperform” rating on the stock. Separately, analysts at Nomura upgraded shares of Tata Motors (NYSE:TTM) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, August 8th. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Tata Motors (NYSE:TTM) from a “buy” rating to a “conviction-buy” rating in a research note to investors on Monday, July 29th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $31.00.
Shares of Tata Motors (NYSE:TTM) traded up 3.86% during mid-day trading on Thursday, hitting $28.355. 577,418 shares of the company’s stock traded hands. Tata Motors has a 52-week low of $21.75 and a 52-week high of $30.85. The stock has a 50-day moving average of $25.16 and a 200-day moving average of $25.30. The company has a market cap of $18.091 billion and a price-to-earnings ratio of 9.41.
Tata Motors Limited (NYSE:TTM) is an automobile company.
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