Brokers Set Cazoo Group Ltd (NYSE:CZOO) PT at $2.40


Cazoo Group Ltd (NYSE: CZOO – Get Rating) received an average recommendation of “Hold” from the six brokerages that cover the business, Marketbeat reports. One analyst rated the stock with a sell rating and five gave the company a hold rating. The 12-month average price target among brokers who have reported on the stock over the past year is $2.40.

A number of stock analysts have recently released reports on the company. UBS Group began covering Cazoo Group in a report on Wednesday, April 27. They set a “neutral” rating and a price target of $2.60 for the company. JPMorgan Chase & Co. began covering the Cazoo Group in a report on Monday May 2. They set a “neutral” rating on the stock. Bank of America moved shares of Cazoo Group from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $6.60 to $3.50 in a Thursday 14 report. april. Citigroup downgraded Cazoo Group shares from a “buy” rating to a “neutral” rating and set a price target of $1.50 on the stock. in a research note from Wednesday, June 8. Finally, Berenberg Bank began covering the Cazoo Group in a report on Wednesday. They set a “sell” rating for the company.

Cazoo Group Price Performance

NYSE CZOO opened at $0.50 on Wednesday. Cazoo Group has a 52 week low of $0.49 and a 52 week high of $10.13. The company has a quick ratio of 0.97, a current ratio of 2.28 and a leverage ratio of 0.20. The company has a fifty-day moving average of $1.01 and a two-hundred-day moving average of $2.46.

Institutional investors weigh in on Cazoo Group

A number of institutional investors have recently shifted their CZOO holdings. Oribel Capital Management LP increased its position in Cazoo Group by 37.3% during the fourth quarter. Oribel Capital Management LP now owns 22,909 shares of the company worth $138,000 after acquiring an additional 6,224 shares during the period. Exos Asset Management LLC increased its holdings of Cazoo Group shares by 35.7% during the first quarter. Exos Asset Management LLC now owns 28,377 shares of the company worth $78,000 after purchasing an additional 7,461 shares in the last quarter. Eidelman Virant Capital bought a new position in shares of Cazoo Group in the fourth quarter for a value of approximately $84,000. Royal Bank of Canada increased its stake in Cazoo Group by 2,930.8% during the 1st quarter. Royal Bank of Canada now owns 18,094 shares of the company valued at $50,000 after acquiring an additional 17,497 shares last quarter. Finally, Capital World Investors increased its stake in Cazoo Group by 0.3% in the 1st quarter. Capital World Investors now owns 6,489,802 shares of the company valued at $17,912,000 after acquiring 17,883 additional shares in the last quarter. 44.27% of the shares are currently held by institutional investors and hedge funds.

About Cazoo Group

(Get an evaluation)

Cazoo Group Ltd operates as an online car retailer in the UK and the rest of Europe. It allows consumers to buy, finance and subscribe to a car online for delivery or collection. The company was founded in 2018 and is based in London, UK. Cazoo Group Ltd is a subsidiary of Cazoo Holdings Limited.

Recommended Stories

Analyst Recommendations for Cazoo Group (NYSE: CZOO)



Get news and reviews for Cazoo Group Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Cazoo Group and related companies with MarketBeat.com’s free daily email newsletter.