Finally Time For Investors to Buy? HSBC Upgrades Peugeot (EPA:UG), With EUR 21.00 Target


Peugeot (EPA:UG) Stock Upgrade

HSBC lifted shares of Peugeot (EPA:UG) to a Buy rating in an interesting research report released on Wednesday, 9 December. The brokerage now has a EUR 21.00 target PPS on shares.

From a total of 9 analysts covering Peugeot (EPA:UG) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is €24 while the lowest target price is €15. The mean of all analyst targets is €19.10 with a 19.15% above today’s (€16.03) stock price. Peugeot was the topic of 14 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank upgraded shares on December 9 to “Buy” rating. Credit Suisse maintained shares with “Neutral” rating and €15.30 target share price in a report from an August 24. S&P Research maintained UG stock in a recent report from October 27 with “Hold” rating. Commerzbank upgraded the rating on July 29. Commerzbank has a “Buy” rating and a €24 price target on shares. Finally, Bernstein upgraded the stock to “Outperform” rating in a report issued on a September 25.

Approximately 1.48 million shares of stock traded hands. Peugeot SA (EPA:UG) has declined 0.11% since May 6, 2015 and is downtrending. It has outperformed by 0.69% the S&P500.

 Finally Time For Investors to Buy? HSBC Upgrades Peugeot (EPA:UG), With EUR 21.00 Target

The overall sentiment of institutions has increased to 1.38 in Q2 2015. Its up 0.38, from 1 in 2015Q2. The ratio is positive, as 3 institutions have sold all the shares of Peugeot SA that they owned while 5 funds have taken shares off the table. 4 funds have purchased shares for the first time while 7 added to their positions. These institutions now hold 795,179 shares or 40.06% less than the 1.33 million shares they owned in 2015Q2.

The Fund Northstar Group Inc. currently is holding shares equating to 0.58% of its total portfolio in Peugeot SA representing a total of 39,070 shares. Another fund,Parthenon Llc, is holding a total of 82,201 shares equating to 0.41% of their holdings. Additionally, Naples Global Advisors Llc has a 15,967 share stake in Peugeot SA which represents 0.15% of their total portfolio. The Fund, Teton Advisors Inc., based out of New York, has also built up a stake in the stock, which represents a total of 0.1% of their total portfolio. Finally Gamco Investors Inc. Et Al, a fund which is based in the state of New York reported a total holdings of 162,200 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 9, 2015, shareholders of Peugeot SA have witnessed 0 buys, and a total of 5 insider sales equating to a net activity of approximately $729,808 . Parker Betsee sold 7,600 shares worth approximately $138,781.

Peugeot S.A. is a holding company passenger cars and light commercial vehicles business. The company has a market cap of 13.26 billion EUR. The Firm operates in three divisions: the Automotive Division, covering the design, manufacture and sale of passenger cars and light commercial vehicles under the Peugeot, Citroen and DS brands; the Automotive Equipment Division, corresponding to the Faurecia Group consisting of interior systems, automotive seating, automotive exteriors and emissions control technologies, and the Finance Division, corresponding to the Banque PSA Finance Group, which provides retail financing to clients of the Peugeot, Citroen and DS brands, and wholesale financing to the two brands’ dealer networks. It currently has negative earnings. Banque PSA Finance is a financial institution.

According to Zacks Investment Research, “UNITED GUARDIAN conducts research, product development, manufacturing and marketing of pharmaceuticals, cosmetics, health care products, medical devices, and proprietary industrial products. They also distributes a line of over 3,000 fine organic chemicals, research chemicals, test solutions, indicators, dyes and reagents.” Get a free copy of the Zacks research report on Peugeot SA (UG).