Vertu Motors (LON:VTU) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Vertu Motors plc (LON:VTU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 67.21 and traded as high as GBX 84.30. Vertu Motors shares last traded at GBX 82.30, with a volume of 436,321 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “house stock” rating on shares of Vertu Motors in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Vertu Motors presently has a consensus rating of “Buy” and an average price target of GBX 76.

Vertu Motors Stock Performance

The stock has a fifty day simple moving average of GBX 76.46 and a two-hundred day simple moving average of GBX 67.34. The company has a debt-to-equity ratio of 64.98, a quick ratio of 0.26 and a current ratio of 1.02. The stock has a market capitalization of £254.82 million, a price-to-earnings ratio of 19.47 and a beta of 0.80.

Vertu Motors (LON:VTU) last announced its quarterly earnings data on Wednesday, May 13th. The company reported GBX 4.62 earnings per share (EPS) for the quarter. Vertu Motors had a return on equity of 4.05% and a net margin of 0.30%.The company had revenue of GBX 483.38 billion for the quarter. Analysts forecast that Vertu Motors plc will post 8.9391576 earnings per share for the current fiscal year.

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.