General Motors Company (GM) : 14 analysts are covering General Motors Company (GM) and their average rating on the stock is 2.21, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. General Motors Company (GM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
General Motors Company (GM) : The consensus price target for General Motors Company (GM) is $37.08 for the short term with a standard deviation of $5.95. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $29.
Also, Jefferies initiates coverage on General Motors Company (NYSE:GM) In a research note issued to the investors, the brokerage major announces price-target of $33 per share.The shares have been rated Hold. The rating by the firm was issued on August 9, 2016.
General Motors Company (NYSE:GM): After opening at $30.75, the stock dipped to an intraday low of $30.74 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.23 and the buying power remained strong till the end. The stock closed at $31.12 for the day, a gain of 1.34% for the day session. The total traded volume was 13,469,771. The stocks close on the previous trading day was $30.71.
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.