Tata Motors (NYSE:TTM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday, Analyst Ratings Net reports. The firm currently has a $35.50 target price on the stock. Zacks‘ target price would indicate a potential upside of 9.33% from the company’s current price.
Shares of Tata Motors (NYSE:TTM) traded down 0.14% during mid-day trading on Monday, hitting $32.425. 985,357 shares of the company’s stock traded hands. Tata Motors has a one year low of $21.75 and a one year high of $32.89. The stock has a 50-day moving average of $30.99 and a 200-day moving average of $26.72. The company has a market cap of $20.688 billion and a P/E ratio of 11.20.
Several other analysts have also recently commented on the stock. Analysts at Credit Agricole downgraded shares of Tata Motors from a “buy” rating to an “outperform” rating in a research note to investors on Monday, November 11th. Separately, analysts at Nomura downgraded shares of Tata Motors from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 11th. Finally, analysts at Deutsche Bank upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.25.
Tata Motors Limited (NYSE:TTM) is an automobile company.
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