Stock analysts at Morgan Stanley started coverage on shares of Bitauto (NYSE:BITA) in a note issued to investors on Wednesday. The brokerage set an “overweight” rating on the information services provider’s stock.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut Bitauto from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. BidaskClub cut Bitauto from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.50.
Bitauto (NYSE BITA) traded down $0.74 during trading on Wednesday, reaching $29.17. The company had a trading volume of 883,000 shares, compared to its average volume of 970,383. Bitauto has a fifty-two week low of $16.56 and a fifty-two week high of $54.42.
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Bitauto Company Profile
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.