Vertu Motors (LON:VTU) Shares Pass Above 200 Day Moving Average – What’s Next?

Vertu Motors plc (LON:VTU) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 64.07 and traded as high as GBX 75. Vertu Motors shares last traded at GBX 74.30, with a volume of 78,348 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Shore Capital Group reissued a “house stock” rating on shares of Vertu Motors in a report on Wednesday, June 24th. Stifel Nicolaus lowered their target price on shares of Vertu Motors from GBX 78 to GBX 76 and set a “buy” rating on the stock in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 76.

Vertu Motors Trading Down 2.5%

The company has a current ratio of 1.02, a quick ratio of 0.26 and a debt-to-equity ratio of 64.98. The firm has a market capitalization of £224.10 million, a price-to-earnings ratio of 17.06 and a beta of 0.79. The firm’s 50-day moving average is GBX 68.41 and its 200 day moving average is GBX 64.16.

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

Insider Buying and Selling at Vertu Motors

In related news, insider David Crane sold 1,041,147 shares of Vertu Motors stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of GBX 65, for a total transaction of £676,745.55. Also, insider Karen Anderson sold 524,839 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of GBX 65, for a total value of £341,145.35. Over the last quarter, insiders have sold 1,580,026 shares of company stock valued at $102,701,690. 4.58% of the stock is currently owned by corporate insiders.

About Vertu Motors

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.