Price Target Update on General Motors Company (NYSE:GM)

General Motors Company (NYSE:GM) : Currently there are 12 street experts covering General Motors Company (NYSE:GM) stock. The most bullish and bearish price target for the stock is $50 and $29 respectively for the short term. The average price target of all the analysts comes to $37.83. The estimated standard deviation from the target is $6.07.

Other Equity analysts have also commented on the company shares. Piper Jaffray initiates coverage on General Motors Company (NYSE:GM). The shares have now been rated Overweight by the stock experts at the ratings house. Piper Jaffray announces the current price target of $41 per share on General Motors Company. The rating by the firm was issued on June 9, 2016.

General Motors Company (NYSE:GM): stock turned positive on Thursday. Though the stock opened at $29.59, the bulls momentum made the stock top out at $29.85 level for the day. The stock recorded a low of $29.55 and closed the trading day at $29.82, in the green by 1.71%. The total traded volume for the day was 9,598,108. The stock had closed at $29.32 in the previous days trading.

The company shares have dropped -15.50% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $36.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $30.26 and the 200 Day Moving Average price is recorded at $30.89. On the companys insider trading activities,The officer (Executive Vice President) of General Motors Co, Deluca James B. sold 10,374 shares at $31.48 on May 27, 2016. The Insider selling transaction had a total value worth of $326,574. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Companys four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline, E85 ethanol or any combination of the two.

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