Geely Automobile H (GELYY) Upgraded at Zacks Investment Research

Geely Automobile H (NASDAQ:GELYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $68.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.60% from the stock’s current price.

According to Zacks, “Geely Automobile Holdings Limited is engaged in automobile manufacturing and its related areas. It is a fully integrated independent auto firm with auto eco-systems like designing, research and development, production, distribution and servicing. Geely has its independent R&D in vehicles, engines, transmissions and hybrid technologies. In addition, the company provides moulds for automobile parts and components and automobile services. It also exports sedans. It sells its products through retail distributors and service stations. Geely Automobile Holdings Limited is headquartered in Wanchai, Hong Kong. “

Shares of Geely Automobile H (NASDAQ:GELYY) traded down 5.80% during trading on Monday, hitting $56.89. The stock had a trading volume of 23,322 shares. Geely Automobile H has a 12 month low of $17.60 and a 12 month high of $63.10. The company’s 50 day moving average price is $49.49 and its 200 day moving average price is $38.41. The stock has a market cap of $25.41 billion and a price-to-earnings ratio of 22.40.

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