Barclays Initiates Coverage on Honda Motor Co. (HMC)
Barclays started coverage on shares of Honda Motor Co. (NYSE:HMC) in a research note issued on Monday, ARN reports. The firm set an “overweight” rating on the stock.
Shares of Honda Motor Co. (NYSE:HMC) opened at 40.40 on Monday. Honda Motor Co. has a one year low of $29.26 and a one year high of $42.13. The stock has a 50-day moving average of $38.73 and a 200-day moving average of $38.58. The company has a market cap of $72.813 billion and a price-to-earnings ratio of 16.01.
A number of other analysts have also recently weighed in on HMC. Analysts at Zacks reiterated a “neutral” rating on shares of Honda Motor Co. in a research note to investors on Thursday. They now have a $42.00 price target on the stock. Analysts at Credit Suisse upgraded shares of Honda Motor Co. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Honda Motor Co. currently has a consensus rating of “Buy” and an average target price of $42.00.
Honda Motor Co, Ltd. (NYSE:HMC) develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars.
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