Tata Motors Ltd. (TTM) Reaches New 52-Week High at $39.75
Shares of Tata Motors Ltd. (NYSE:TTM) hit a new 52-week high during trading on Monday . The company traded as high as $39.75 and last traded at $39.63, with a volume of 920,963 shares. The stock had previously closed at $38.76.
A number of brokerages have recently commented on TTM. Zacks Investment Research upgraded shares of Tata Motors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG lowered shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.49.
The stock’s 50 day moving average is $37.78 and its 200 day moving average is $31.82. The firm has a market capitalization of $27.05 billion and a P/E ratio of 16.32.
A hedge fund recently raised its stake 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 disclosure with the Securities and Exchange Commission (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 as of its most recent SEC filing.
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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