Bitauto Hldg Ltd (BITA) Receives Average Recommendation of “Buy” from Analysts
Bitauto Hldg Ltd (NYSE:BITA) has earned an average recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $36.50.
A number of equities research analysts have recently commented on the company. Citigroup assumed coverage on Bitauto in a research report on Tuesday, January 2nd. They set a “buy” rating and a $40.00 price objective for the company. ValuEngine downgraded Bitauto from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Morgan Stanley started coverage on Bitauto in a report on Wednesday, December 13th. They issued an “overweight” rating for the company. Finally, Zacks Investment Research lowered Bitauto from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th.
Shares of Bitauto (BITA) traded up $1.14 during trading hours on Monday, hitting $28.56. The stock had a trading volume of 671,691 shares, compared to its average volume of 849,739. Bitauto has a one year low of $19.90 and a one year high of $54.42. The firm has a market cap of $2,050.00, a P/E ratio of -10.06 and a beta of 2.87.
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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.
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