Zacks Investment Research announced Bitauto Hldg Ltd (ADR) (NYSE:BITA), bumping up its stock price target to $29.00 today
- Updated: September 15, 2016
Indicating a possible upside of 0.10%, Zacks Investment Research bumped the target stock price of Bitauto Hldg Ltd (ADR) (NYSE:BITA) to $29.
Only yesterday Bitauto Hldg Ltd (ADR) (NYSE:BITA) traded 0.27% lower at $26.28. BITA’s 50-day average is $26.64 and its two hundred day moving average is $25.31. The last stock price close is up 3.85% relative to the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same time period. 183,369 shares of BITA were exchanged, down from ann average volume of 487,916.
Bitauto Hldg Ltd (ADR) has a one-year low of $16.09 and a 52 week high of $37.31 and has a market capitalization of $0.0.
A total of 10 firms have reported on Bitauto Hldg Ltd (ADR). Three analysts rate the stock a strong buy, four analysts rate the company a buy, four analyts rate the company a hold, 0 rate the stock to underperform, and finally 0 firmsrate the stock as sell with a 12-month target of $33.11
Brief Synopsis About Bitauto Hldg Ltd (ADR) (NYSE:BITA)
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. The Company operates through three segments: advertising business, EP platform business and digital marketing solutions business. The advertising business offers a range of advertising services mainly to automakers through its Websites, as well as mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with digital marketing solutions, including Website creation and maintenance, online public relations, and online marketing campaigns and advertising agent services.
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