Tata Motors expands range of commercial vehicles in Philippines

Bruno Cirelli
Luglio 28, 2017

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Tata Motors from a "sell" rating to a "hold" rating and set a $39.00 price objective on the stock in a research note on Saturday, April 15th. BidaskClub lowered Tata Motors from a "hold" rating to a "sell" rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus target price of $43.50.

Shares of the company gained Rs 2.05, or 0.45%, to trade at Rs 458.80. The stock has a 50 day moving average price of $34.79 and a 200-day moving average price of $35.63. Tata Motors has a 12-month low of $31.71 and a 12-month high of $44.79.

WARNING: This news story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another publication, it was stolen and republished in violation of US and global copyright & trademark laws. ValuEngine downgraded Tata Motors from a "buy" rating to a "hold" rating in a research report on Saturday, June 3rd.

In other Tata Motors news, Director Carlos Yong acquired 300,000 shares of the company's stock in a transaction that occurred on Tuesday, June 13th. The stock was bought at an average cost of $0.30 per share, for a total transaction of $90,000.00. Cambiar Investors LLC purchased a new position in shares of Tata Motors during the first quarter valued at about $182,907,000. Wellington Management Group LLP now owns 7,271,482 shares of the company's stock valued at $259,228,000 after buying an additional 4,763,259 shares in the last quarter. Deltec Asset Management LLC's holdings in Tata Motors were worth $3,342,000 at the end of the most recent quarter. Capstone Asset Management Co. now owns 12,384 shares of the company's stock valued at $441,000 after buying an additional 310 shares in the last quarter. Coronation Fund Managers Ltd. now owns 5,073,151 shares of the company's stock valued at $180,858,000 after buying an additional 695,674 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Tata Motors by 65.1% in the first quarter.

Pilipinas Taj will closely work with Tata Motors to ensure customers here get the finest vehicles and services that not only match their requirements but also their business needs, he added.

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