Vertu Motors Plc’s (VTU) Buy Rating Reaffirmed at Canaccord Genuity
Vertu Motors Plc (LON:VTU)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research note issued to investors on Wednesday. They currently have a GBX 81 ($1.05) target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 67.88% from the company’s previous close.
Separately, Liberum Capital cut their price target on shares of Vertu Motors Plc from GBX 100 ($1.29) to GBX 90 ($1.16) and set a “buy” rating for the company in a research note on Monday, February 6th.
Vertu Motors Plc (LON:VTU) traded up 1.5789% during trading on Wednesday, hitting GBX 47.8564. The stock had a trading volume of 2,833,304 shares. The company’s market cap is GBX 189.21 million. Vertu Motors Plc has a 52 week low of GBX 37.50 and a 52 week high of GBX 60.00. The stock has a 50-day moving average price of GBX 48.11 and a 200-day moving average price of GBX 45.17.
The firm also recently declared a dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, June 29th will be paid a dividend of GBX 0.90 ($0.01) per share. This is a boost from Vertu Motors Plc’s previous dividend of $0.50. The ex-dividend date is Thursday, June 29th. This represents a yield of 1.9%.
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Vertu Motors Plc Company Profile
Vertu Motors plc is an automotive retailer in the United Kingdom. The principal activity of the Company is the sale of new cars, motorcycles, and commercial vehicles and used vehicles, together with related aftersales services. The Company is engaged in the provision of management services to all subsidiary statutory entities.
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