Geely (GELYY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Geely (OTCMKTS:GELYY) from a hold rating to a buy rating in a report released on Friday. They currently have $66.00 price target on the stock.

According to Zacks, “Geely Automobile Holdings Limited is engaged in automobile manufacturing and its related areas. It is a fully integrated independent auto firm with auto eco-systems like designing, research and development, production, distribution and servicing. Geely has its independent R&D in vehicles, engines, transmissions and hybrid technologies. In addition, the company provides moulds for automobile parts and components and automobile services. It also exports sedans. It sells its products through retail distributors and service stations. Geely Automobile Holdings Limited is headquartered in Wanchai, Hong Kong. “

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Separately, ValuEngine upgraded Geely from a hold rating to a buy rating in a research note on Friday, February 2nd.

Shares of GELYY opened at $57.04 on Friday. The stock has a market cap of $25,591.79, a price-to-earnings ratio of 16.63 and a beta of 0.48. Geely has a 12 month low of $26.25 and a 12 month high of $75.85.

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About Geely

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People's Republic of China. It engages in the research, development, production, marketing, and sale of automobiles, automobile parts, and related automobile components. The company primarily offers sedans, sport utility vehicles, and electric vehicle models.

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