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Bitauto Holdings (NYSE:BITA) was Upgraded by CLSA from a “Outperform” Rating to “Buy” Rating

NewYork Bitauto Holdings NYSE:BITA

Bitauto Holdings (NYSE:BITA) Rating Upped

CLSA upped Bitauto Holdings (NYSE:BITA)’s stock to “Buy” rating from “Outperform”. This rating change was revealed to investors in an analyst report today.

This stock rating upgrade is well-received by equity trades, as NYSE:BITA is at the moment trading 0.53% higher at $35.99 as of 6:11 PM New York time. Bitauto Holdings shares have [From2] 0% over the last 200 days, while the S&P500 has increased 6.00% in the same time.

Out of 10 brokers covering Bitauto Holdings, 7 rate it a Buy, 4 indicate a Hold while 0 suggest a Sell. The highest target is $60.79 and the lowest is $24.93 according to Thomson/First Call. The 12-month mean target is $33.11, which means downside potential of 8.00% over the current price.

BITA Stock Chart

Bitauto Holdings (NYSE:BITA) Profile

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.

Bitauto Holdings (NYSE:BITA) traded up 0.53% on 4 September, hitting $35.99. A total of shares of the company’s stock traded hands. This is down from average of 1.05M shares. Bitauto Holdings has a 52 week low of $16.56 and a 52 week high of $41.64. The company has a market cap of $2.55B and a P/E ratio of 0.

Get the latest Bitauto Holdings (NYSE:BITA) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Bitauto Holdings (NYSE:BITA) was Upgraded by CLSA from a “Outperform” Rating to “Buy” Rating appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Bitauto Holdings (NYSE:BITA) was Upgraded by CLSA from a “Outperform” Rating to “Buy” Rating

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