BCA Marketplace PLC (BCA) Given New GBX 250 Price Target at J P Morgan Chase & Co
BCA Marketplace PLC (LON:BCA) had its target price increased by investment analysts at J P Morgan Chase & Co from GBX 230 ($3.00) to GBX 250 ($3.26) in a research note issued on Friday. The brokerage presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 28.87% from the stock’s previous close.
BCA has been the subject of several other reports. N+1 Singer reiterated a “buy” rating and issued a GBX 220 ($2.87) price objective on shares of BCA Marketplace PLC in a research report on Wednesday, May 3rd. Numis Securities Ltd increased their price objective on BCA Marketplace PLC from GBX 220 ($2.87) to GBX 235 ($3.06) and gave the stock a “buy” rating in a research report on Tuesday, June 27th.
BCA Marketplace PLC (LON BCA) remained flat at GBX 194.00 during trading on Friday. 182,083 shares of the company’s stock were exchanged. The stock’s 50 day moving average is GBX 195.69 and its 200-day moving average is GBX 192.72. BCA Marketplace PLC has a 12-month low of GBX 171.00 and a 12-month high of GBX 213.35. The stock’s market capitalization is GBX 1.51 billion.
In other news, insider Mark Brangstrup Watts purchased 9,000,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £180,000 ($234,497.13). Also, insider James Henry Corsellis purchased 100,000 shares of the stock in a transaction dated Thursday, June 29th. The shares were purchased at an average price of GBX 195 ($2.54) per share, with a total value of £195,000 ($254,038.56). Insiders purchased 12,364,476 shares of company stock valued at $680,406,473 over the last quarter.
About BCA Marketplace PLC
BCA Marketplace plc, formerly Haversham Holdings plc, owns and operates the United Kingdom and Europe’s used-vehicle marketplace. The Company provides vehicle buying services, We Buy Any Car. Its segments include Vehicle Remarketing, Vehicle Buying and Other. The Company operates through three divisions: UK Vehicle Remarketing, International Vehicle Remarketing and Vehicle Buying.
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