Motorpoint Group (LON:MOTR) Stock Price Up 1.4% – Here’s Why

Motorpoint Group Plc (LON:MOTR)’s stock price traded up 1.4% during trading on Monday. The company traded as high as GBX 146 and last traded at GBX 146. Approximately 3,100 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 83,424 shares. The stock had previously closed at GBX 144.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MOTR. Shore Capital Group reissued a “house stock” rating on shares of Motorpoint Group in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 170 target price on shares of Motorpoint Group in a report on Monday, October 12th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Motorpoint Group currently has a consensus rating of “Buy” and a consensus price target of GBX 170.

Motorpoint Group Trading Up 1.4%

The stock has a market cap of £116.26 million, a price-to-earnings ratio of 22.12 and a beta of 0.82. The business’s fifty day simple moving average is GBX 137.37 and its 200 day simple moving average is GBX 130.87. The company has a debt-to-equity ratio of 856.92, a current ratio of 1.00 and a quick ratio of 0.12.

Motorpoint Group Company Profile

Motorpoint is the UK’s leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection stores, the Group provides an unrivalled offering in the nearly new and used car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes.