Tata Motors Ltd. (TTM) Reaches New 1-Year High at $38.38
Shares of Tata Motors Ltd. (NYSE:TTM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.38 and last traded at $38.09, with a volume of 580,999 shares changing hands. The stock had previously closed at $37.83.
A number of brokerages have weighed in on TTM. Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 18th. Credit Suisse Group AG downgraded Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.49.
The stock has a 50 day moving average price of $35.50 and a 200 day moving average price of $29.57. The stock has a market capitalization of $25.82 billion and a P/E ratio of 15.644.
The business also recently disclosed an annual dividend, which was paid on Monday, July 18th. Stockholders of record on Monday, July 18th were given a dividend of $0.012 per share. The ex-dividend date was Thursday, July 14th.
A hedge fund recently raised its stake in Tata Motors stock. Wells Fargo & Company MN increased 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 fund 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 at the end of the most recent quarter.
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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