Vertu Motors (LON:VTU) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Vertu Motors plc (LON:VTU)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 68.06 and traded as high as GBX 85. Vertu Motors shares last traded at GBX 85, with a volume of 598,196 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Vertu Motors in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Vertu Motors currently has a consensus rating of “Buy” and a consensus target price of GBX 76.

Vertu Motors Stock Down 2.2%

The company has a debt-to-equity ratio of 64.98, a current ratio of 1.02 and a quick ratio of 0.26. The company has a market capitalization of £253.53 million, a P/E ratio of 19.37 and a beta of 0.80. The stock has a 50-day moving average price of GBX 77.81 and a 200-day moving average price of GBX 68.16.

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.