Motorpoint Group (LON:MOTR) Hits New 52-Week High – Time to Buy?

Motorpoint Group Plc (LON:MOTR) reached a new 52-week high on Friday. The company traded as high as GBX 148 and last traded at GBX 146.50, with a volume of 33,472 shares trading hands. The stock had previously closed at GBX 148.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MOTR shares. Deutsche Bank restated a “buy” rating and set a GBX 170 price objective on shares of Motorpoint Group in a research note on Monday, October 12th. Shore Capital Group reiterated a “house stock” rating on shares of Motorpoint Group in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 170.

Motorpoint Group Stock Down 1.0%

The company has a current ratio of 1.00, a quick ratio of 0.12 and a debt-to-equity ratio of 856.92. The company has a market capitalization of £116.66 million, a P/E ratio of 22.20 and a beta of 0.82. The firm’s 50 day moving average price is GBX 140.27 and its two-hundred day moving average price is GBX 131.20.

Motorpoint Group (LON:MOTR) last issued its earnings results on Wednesday, November 11th. The company reported GBX 5.90 EPS for the quarter. Motorpoint Group had a return on equity of 22.27% and a net margin of 0.44%. The company had revenue of £686.70 million during the quarter. Equities research analysts forecast that Motorpoint Group Plc will post 3.51 EPS for the current year.

About Motorpoint Group

Motorpoint is the UK’s leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection stores, the Group provides an unrivalled offering in the nearly new and used car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes.