A report released today by Nomura about General Motors Company (NYSE:GM) raises the target price to $33.00
- Updated: September 20, 2016
In a statement issued on Tuesday September 20, 2016 Nomura upped the target of General Motors Company (NYSE:GM) to $33.00 indicating a possible upside of 0.04%.
Previously on Monday September 19, 2016, Morgan Stanley reported about General Motors Company (NYSE:GM) raised the target price from $29.00 to $37.00. At the time, this indicated a possible upside of 0.19%.
Yesterday General Motors Company (NYSE:GM) traded 0.00% even at $31.72. The company’s 50-day moving average is $31.39 and its 200-day moving average is $30.80. The last stock close price is up 3.00% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 13,785,200
See Chart Below
General Motors Company has a PE ratio of 4.06 with a one year low of $26.69 and a one year high of $36.88 General Motors Company’s market capitalization is currently $0.
In addition to Nomura reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $38.41 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On General Motors Company (NYSE:GM)
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial. The GMNA segment offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands in North America. The Company offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands outside North America. In addition to the products it sells to its dealers for consumer retail sales, it also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. GM Financial provides retail lending, both loan and lease, across the credit spectrum.
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