General Motors Company (GM) : Analyst Rating Update

General Motors Company (GM) : 14 analysts are covering General Motors Company (GM) and their average rating on the stock is 2.07, which is read as a Buy. 6 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 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

General Motors Company (GM) : Currently there are 12 street experts covering General Motors Company (GM) stock. The most bullish and bearish price target for the stock is $50 and $29 respectively for the short term. The average price target of all the analysts comes to $37.67. The estimated standard deviation from the target is $6.21.

General Motors Company (NYSE:GM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.00 and $27.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.40, notching a gain of 0.82% for the day. The total traded volume was 14,631,429 . The stock had closed at $28.17 on the previous day.

Also, Piper Jaffray initiates coverage on General Motors Company (NYSE:GM) The current rating of the shares is Overweight. Equity Analysts at the Firm announces the price target to $41 per share. The rating by the firm was issued on June 9, 2016. The company shares have dropped -9.68% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $36.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $29.65 and the 200 Day Moving Average price is recorded at $30.44.

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.

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