Vertu Motors Plc (LON:VTU) had its target price cut by analysts at Liberum Capital from GBX 90 ($1.18) to GBX 60 ($0.79) in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price objective suggests a potential upside of 28.34% from the stock’s previous close.
Separately, Canaccord Genuity cut their price target on Vertu Motors Plc from GBX 81 ($1.06) to GBX 75 ($0.99) and set a “buy” rating on the stock in a research note on Wednesday, July 26th.
In other news, insider Ian Harrison bought 4,260 shares of the business’s stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of GBX 42 ($0.55) per share, for a total transaction of £1,789.20 ($2,352.35). Also, insider Chris Taylor bought 11,444 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average price of GBX 43 ($0.57) per share, with a total value of £4,920.92 ($6,469.79).
Vertu Motors Plc Company Profile
Vertu Motors plc is an automotive retailer in the United Kingdom. The principal activity of the Company is the sale of new cars, motorcycles, and commercial vehicles and used vehicles, together with related aftersales services. The Company is engaged in the provision of management services to all subsidiary statutory entities.
Receive News & Ratings for Vertu Motors Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertu Motors Plc and related companies with MarketBeat.com's FREE daily email newsletter.