Vertu Motors (LON:VTU) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Vertu Motors plc (LON:VTU)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 64.07 and traded as high as GBX 75. Vertu Motors shares last traded at GBX 74.30, with a volume of 78,348 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VTU. Shore Capital Group reiterated a “house stock” rating on shares of Vertu Motors in a report on Wednesday, June 24th. Stifel Nicolaus cut their target price on Vertu Motors from GBX 78 to GBX 76 and set a “buy” rating on the stock in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 76.

Vertu Motors Stock Up 0.4%

The company has a market cap of £227.45 million, a price-to-earnings ratio of 17.32 and a beta of 0.79. The stock’s 50-day moving average is GBX 68.18 and its 200-day moving average is GBX 64.07. The company has a current ratio of 1.02, a quick ratio of 0.26 and a debt-to-equity ratio of 64.98.

Vertu Motors (LON:VTU) last issued its earnings results on Wednesday, May 13th. The company reported GBX 4.62 EPS for the quarter. The business had revenue of GBX 483.38 billion during the quarter. Vertu Motors had a return on equity of 4.05% and a net margin of 0.30%. On average, analysts anticipate that Vertu Motors plc will post 8.9391576 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vertu Motors news, insider Karen Anderson sold 524,839 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of GBX 65, for a total transaction of £341,145.35. Also, insider David Crane sold 1,041,147 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of GBX 65, for a total value of £676,745.55. Insiders have sold a total of 1,580,026 shares of company stock valued at $102,701,690 over the last three months. Corporate insiders own 4.58% of the company’s stock.

Vertu Motors Company Profile

Vertu Motors plc operates as an automotive retailer in the United Kingdom. The company sells new and used cars and motorcycles, vans, motability cars, and commercial vehicles, as well as provides related aftersales services. It operates chain of franchised dealerships offering sales, service, parts, and bodyshop facilities for new and used cars, and commercial vehicles under the Bristol Street Motors, Macklin Motors, and Vertu Motors. The company's franchise dealerships include Audi, BMW, Honda, Jaguar, Jeep, Kia, Volvo, Land Rover, Mercedes-Benz, Mercedes-AMG, MINI, smart, Volkswagen, Citroen, CUPRA, Dacia, DS, Ford, Hyundai, MG, Nissan, Peugeot, Renault, SEAT, SKODA, Vauxhall, Ford, Mazda, and Toyota.