Motorpoint Group (LON:MOTR) Reaches New 52-Week High – Should You Buy?

Shares of Motorpoint Group Plc (LON:MOTR) reached a new 52-week high during mid-day trading on Friday. The stock traded as high as GBX 148 and last traded at GBX 146.50, with a volume of 33,472 shares changing hands. The stock had previously closed at GBX 148.

Analyst Ratings Changes

Several research firms recently commented on MOTR. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 170 price objective on shares of Motorpoint Group in a report on Monday, October 12th. Shore Capital Group reiterated a “house stock” rating on shares of Motorpoint Group in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 170.

Motorpoint Group Price Performance

The firm has a fifty day moving average of GBX 140.27 and a two-hundred day moving average of GBX 131.20. The company has a current ratio of 1.00, a quick ratio of 0.12 and a debt-to-equity ratio of 856.92. The company has a market capitalization of £116.66 million, a PE ratio of 22.20 and a beta of 0.82.

Motorpoint Group (LON:MOTR) last released its quarterly earnings results on Wednesday, November 11th. The company reported GBX 5.90 EPS for the quarter. The business had revenue of £686.70 million during the quarter. Motorpoint Group had a return on equity of 22.27% and a net margin of 0.44%. Research analysts anticipate that Motorpoint Group Plc will post 3.51 EPS for the current fiscal year.

About Motorpoint Group

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.