Armchair Trader Buy & Hold Portfolio
- Marshall Motor Group (LSE:MMH)
- Sector: Automotive
- Market Cap: £203m
- Entry price: 260
- Target price: 325
Shares in Marshall Motor Group (LSE:MMH) have had a good run over the last six months, but the P/E ratio remains at a mere 4.19 and the company is paying out a dividend yield of 3.41%. Here at The Armchair Trader we have been keeping track of various motor retail stories in the UK and further afield, but Marshall Motor Holdings looks to us like the real deal.
The share price has moved off a tight trading range, in the 120-130p range at the end of last year, rewarding investors with a surge from 145p up to a recent peak of 260p. The stock then slumped, but in recent days has climbed back up there. It has a lot going for it.
We're adding it to our longer term buy and hold list and will be looking for some further upside, with a 325p target price looking realistic in our view. Here's why.
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