Vertu Motors (LON:VTU) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Vertu Motors plc (LON:VTU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 71.43 and traded as high as GBX 85.80. Vertu Motors shares last traded at GBX 83.26, with a volume of 195,448 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Vertu Motors in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 76.

Vertu Motors Price Performance

The stock has a market capitalization of £253.34 million, a price-to-earnings ratio of 19.39 and a beta of 0.81. The company’s 50-day simple moving average is GBX 82.75 and its 200-day simple moving average is GBX 71.51. The company has a debt-to-equity ratio of 64.98, a current ratio of 1.02 and a quick ratio of 0.26.

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.