Tata Motors Ltd. (TTM) Reaches New 1-Year High at $42.47
Shares of Tata Motors Ltd. (NYSE:TTM) reached a new 52-week high on Monday . The stock traded as high as $42.47 and last traded at $42.23, with a volume of 3,019,800 shares changing hands. The stock had previously closed at $41.24.
TTM has been the topic of several recent research reports. Zacks Investment Research lowered Tata Motors from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 18th. Credit Suisse Group AG lowered Tata Motors from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $37.99.
The firm has a market cap of $28.68 billion and a price-to-earnings ratio of 23.99. The firm has a 50 day moving average price of $38.11 and a 200-day moving average price of $31.95.
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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