BCA Marketplace (BCA) Price Target Raised to GBX 265

BCA Marketplace (LON:BCA) had its price objective increased by JPMorgan Chase & Co. from GBX 260 ($3.40) to GBX 265 ($3.46) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Shares of LON:BCA traded up GBX 2.50 ($0.03) on Wednesday, reaching GBX 192 ($2.51). The company’s stock had a trading volume of 628,705 shares, compared to its average volume of 2,430,000. BCA Marketplace has a 52-week low of GBX 178.40 ($2.33) and a 52-week high of GBX 243 ($3.18). The stock has a market capitalization of $1.51 billion and a P/E ratio of 23.41. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 40.28.

About BCA Marketplace

BCA Marketplace plc, together with its subsidiaries, owns and operates a used vehicle exchange in Europe. It operates through Vehicle Remarketing, Vehicle Buying, and Automotive Services segments. It offers physical and digital auction services; services for vehicle preparation and marketing in advance of sales; financial services to support the car dealer purchasing vehicles at BCA auctions; automotive logistics services; digital services to assist the retailer with the marketing and disposal of used cars; and outsourced remarketing services for manufacturers and fleets to assist with disposal to their networks.

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