Motorpoint Group PLC 20.6% potential upside indicated by Numis

Motorpoint Group PLC with ticker (LON:MOTR) now has a potential upside of 20.6% according to Numis.



Numis set a target price of 180 GBX for the company, which when compared to the Motorpoint Group PLC share price of 143 GBX at opening today (31/01/2023) indicates a potential upside of 20.6%. Trading has ranged between 139 (52 week low) and 321 (52 week high) with an average of 62,101 shares exchanging hands daily. The market capitalisation at the time of writing is £130,775,297.

Motorpoint Group plc is a United Kingdom-based independent e-commerce led omnichannel vehicle retailer. It is focused on providing retail and trade customers the way of buying, selling and financing cars. The Company sells vehicles from brands representing vehicle sales in the United Kingdom, with models from Dacia, Fiat, Ford, Iveco, Maxus, Mercedes-Benz, Mitsubishi, Nissan, Peugeot, Renault, Toyota, Vauxhall and Volkswagen. The Company operates from over 19 retail sites across the United Kingdom. In addition to sales of vehicles, the Company operates Auction4Cars.com, a business-to-business online auction platform for vehicles. The Company also offers ancillary products to customers, including customer finance packages, vehicle guarantees, insurance products and vehicle protection treatments. Through its business-to-consumer (B2C) platform Motorpoint.co.uk and the United Kingdom provides a new car market, where consumers can browse, and buy or finance their car and collect.