Zacks Investment Research upgraded shares of Brilliance China Automotive (OTCMKTS:BCAUY) from a hold rating to a strong-buy rating in a report released on Friday morning, Zacks.com reports. Zacks Investment Research currently has $12.00 price objective on the stock.
According to Zacks, “Brilliance China Automotive Holdings Limited operates as an automotive manufacturer in China. The Company’s operating segments are divided primarily into the manufacture and sale of minibuses and automotive components. Its commercial vehicle brands include JinBei and Granse minibuses. The Group is also engaged in the manufacture of diesel engines and gasoline engines for use in minibuses, sedans, SUV and light duty trucks and automotive components. Brilliance China Automotive Holdings Limited is headquartered in Central, Hong Kong. “
Separately, ValuEngine cut shares of Brilliance China Automotive from a sell rating to a strong sell rating in a report on Tuesday, October 15th.
Brilliance China Automotive stock opened at $10.36 on Friday. The firm has a 50 day simple moving average of $10.51 and a 200-day simple moving average of $10.75. The stock has a market capitalization of $5.16 billion, a PE ratio of 5.95 and a beta of 2.20. Brilliance China Automotive has a 12-month low of $8.35 and a 12-month high of $12.35.
About Brilliance China Automotive
Brilliance China Automotive Holdings Limited, an investment holding company, manufactures and sells minibuses and automotive components in the People's Republic of China. The company offers its minibuses under the JinBei and Granse brands, as well as multi-purpose vehicles under the Huasong brand.
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