Deutsche Bank Aktiengesellschaft Cuts Motorpoint Group (LON:MOTR) Price Target to GBX 180

Key Points

• Deutsche Bank cut its Motorpoint price target from GBX 190 to GBX 180 but kept a "buy" rating, with the revised target implying roughly a 38.42% upside from current levels.
• Market consensus also shows a Buy rating with a consensus target of GBX 180; shares opened at GBX 130.04 (down 3.7%), with a market cap of £103.55m, a P/E of 26.01 and a 52‑week range of GBX 112–190.

Motorpoint Group (LON:MOTR - Get Free Report) had its price target decreased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 190 to GBX 180 in a note issued to investors on Thursday,London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 38.42% from the company's current price.

Separately, Shore Capital Group reaffirmed a "house stock" rating on shares of Motorpoint Group in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Motorpoint Group presently has a consensus rating of "Buy" and a consensus target price of GBX 180.

Motorpoint Group Stock Down 3.7%

Motorpoint Group stock opened at GBX 130.04 on Thursday. The firm has a market cap of £103.55 million, a price-to-earnings ratio of 26.01 and a beta of 0.70. Motorpoint Group has a 52 week low of GBX 112 and a 52 week high of GBX 190. The business's 50-day moving average price is GBX 131.30 and its 200 day moving average price is GBX 140.56. The company has a quick ratio of 0.12, a current ratio of 1.06 and a debt-to-equity ratio of 226.34.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.