Ituran Location and Control Ltd. (US) (ITRN) is Reiterated by Chardan Capital Markets to Buy, Raises Price Target to $ 29

Ituran Location and Control Ltd. (US) (ITRN) was Reiterated by Chardan Capital Markets to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 29 from a previous price target of $25 . Chardan Capital Markets advised their investors in a research report released on Aug 17, 2016.

Ituran Location and Control Ltd. (US) closed down -0.07 points or -0.28% at $24.9 with 18,551 shares getting traded on Monday. Post opening the session at $25.19, the shares hit an intraday low of $24.34 and an intraday high of $25.3399 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Ituran Location and Control Ltd. is a provider of location-based services consisting of stolen vehicle recovery fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications. It primarily provides its services as well as sells and leases its products in Israel Brazil Argentina and the United States. It utilizes technologies that enable precise and secure high-speed data transmission and analysis. Its operations consist of two segments: location-based services and wireless communication products. Its location-based services segment consists of its stolen vehicle recovery and tracking services (SVR) fleet management and value-added services. Its wireless communications products segment consists of short- and medium-range two-way wireless communications products that are used for various applications including Automatic vehicle location (AVL).

Ituran Location and Control Ltd. (US)

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