Motorpoint Group PLC (MOTR) Earns Buy Rating from Numis Securities Ltd
Numis Securities Ltd reiterated their buy rating on shares of Motorpoint Group PLC (LON:MOTR) in a research report report published on Wednesday. The brokerage currently has a GBX 250 ($3.26) price target on the stock.
Separately, Shore Capital reiterated a house stock rating on shares of Motorpoint Group PLC in a research report on Monday, June 12th.
Motorpoint Group PLC (LON MOTR) opened at 138.50 on Wednesday. The firm’s market capitalization is GBX 138.77 million. The company’s 50-day moving average price is GBX 139.48 and its 200 day moving average price is GBX 142.41. Motorpoint Group PLC has a 12 month low of GBX 119.69 and a 12 month high of GBX 219.00.
The company also recently announced a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 3rd will be given a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date is Thursday, August 3rd. This represents a dividend yield of 1.94%. This is a boost from Motorpoint Group PLC’s previous dividend of $1.33.
About Motorpoint Group PLC
Motorpoint Group plc is an independent vehicle retailer in the United Kingdom. The Company’s principal business is the sale of vehicles, of which are approximately two years old and which have covered over 15,000 miles. The Company sells vehicles from brands representing vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW.
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