Motorpoint Group PLC (LON:MOTR)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They currently have a GBX 250 ($3.05) target price on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 49.70% from the company’s current price.

Motorpoint Group PLC (LON:MOTR) traded down 22.97% during midday trading on Wednesday, hitting GBX 128.64. 818,129 shares of the stock were exchanged. Motorpoint Group PLC has a 1-year low of GBX 128.00 and a 1-year high of GBX 245.50. The company’s 50 day moving average is GBX 196.09 and its 200 day moving average is GBX 206.60. The company’s market capitalization is GBX 128.64 million.

About Motorpoint Group PLC

Motorpoint Group plc is an independent vehicle retailer. The Company’s primary business is the sale of vehicles, of which are approximately two years old and which have covered approximately 15,000 miles. The Company sells vehicles from brands representing vehicle sales in the United Kingdom, with models, such as Ford, Vauxhall, Volkswagen, Hyundai and Audi.

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