A statement released earlier today by Zacks Investment Research about MakeMyTrip Limited (NASDAQ:MMYT) bumps the target price to $25.00
- Updated: September 27, 2016
Zacks Investment Research bumped up the target of MakeMyTrip Limited (NASDAQ:MMYT) to $25.00 stating a potential upside of 0.10%.
Boasting a price of $22.66, MakeMyTrip Limited (NASDAQ:MMYT) traded -1.00% lower on the day. With the last close up 27.19% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. MakeMyTrip Limited has recorded a 50-day average of $20.13 and a two hundred day average of $17.82. Volume of trade was up over the average, with 239,416 shares of MMYT changing hands over the typical 156,033
With a total market value of $0, MakeMyTrip Limited has with a one year low of $13.40 and a one year high of $23.26 .
A total of 8 analysts have released a research note on MMYT. Three analysts rating the company a strong buy, two analysts rating the company a buy, two analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $19.81.
More About MakeMyTrip Limited (NASDAQ:MMYT)
MakeMyTrip Limited is an online travel company in India. The Company's services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company. Through the Company's Website, www.makemytrip.com, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas.
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