Tata Motors Ltd. (NYSE:TTM) gapped up before the market opened on Friday . The stock had previously closed at $38.14, but opened at $38.18. Tata Motors shares last traded at $38.68, with a volume of 389,903 shares traded.

A number of equities research analysts recently issued reports on TTM shares. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 18th. Credit Suisse Group AG lowered shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.49.

The stock’s 50 day moving average price is $36.44 and its 200-day moving average price is $30.45. The firm has a market cap of $26.28 billion and a P/E ratio of 15.86.

The business also recently announced an annual dividend, which was paid on Monday, July 18th. Investors of record on Monday, July 18th were issued a $0.012 dividend. The ex-dividend date was Thursday, July 14th.

An institutional investor recently raised its position in Tata Motors stock. Wells Fargo & Company MN raised its position in Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 360,263 shares of the company’s stock after buying an additional 37,379 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of Tata Motors worth $10,616,000 as of its most recent filing with the SEC.

Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.

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