Liberum Capital Cuts Vertu Motors Plc (VTU) Price Target to GBX 60
Vertu Motors Plc (LON:VTU) had its price target cut by equities researchers at Liberum Capital from GBX 90 ($1.18) to GBX 60 ($0.79) in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target would suggest a potential upside of 27.66% from the company’s previous close.
Separately, Canaccord Genuity cut their price target on Vertu Motors Plc from GBX 81 ($1.06) to GBX 75 ($0.99) and set a “buy” rating on the stock in a research note on Wednesday, July 26th.
Vertu Motors Plc (LON:VTU) opened at 46.00 on Wednesday. The company’s 50-day moving average price is GBX 45.67 and its 200-day moving average price is GBX 45.97. The firm’s market capitalization is GBX 181.83 million. Vertu Motors Plc has a 12-month low of GBX 38.25 and a 12-month high of GBX 52.31.
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In other news, insider Chris Taylor purchased 11,444 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average price of GBX 43 ($0.57) per share, with a total value of £4,920.92 ($6,469.79). Also, insider Ian Harrison purchased 4,260 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of GBX 42 ($0.55) per share, for a total transaction of £1,789.20 ($2,352.35).
About Vertu Motors Plc
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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