Turners share price undervalued, chair says

Wed, 26 Sep 2018

By Paul McBeth Sept. 26 (BusinessDesk) - Turners Automotive Group's shares are under-valued as investors struggle with the complexity of the business and amid mounting concerns over the credit cycle, chair Grant Baker says. The stock recently traded at $2.88, down 0.7 percent on the day, and below the $3.32 mean target price from two analyst recommendations, who both rate the stock a 'buy'. Baker owns about 6 million Turners shares, buying 50,075 on market in July at $3.19 a share. Investors have been reluctant to pay more for the st...

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