Citigroup Cuts Polestar Automotive Holding UK (NASDAQ:PSNY) Price Target to $1.70

Polestar Automotive Holding UK (NASDAQ:PSNYFree Report) had its target price trimmed by Citigroup from $2.50 to $1.70 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on PSNY. Cantor Fitzgerald restated an overweight rating and issued a $5.00 price target on shares of Polestar Automotive Holding UK in a report on Friday, April 12th. Piper Sandler restated a neutral rating and set a $2.00 target price (down from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Finally, Sanford C. Bernstein began coverage on shares of Polestar Automotive Holding UK in a report on Wednesday, January 24th. They issued an underperform rating and a $1.15 price target for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Polestar Automotive Holding UK has a consensus rating of Hold and a consensus target price of $3.48.

View Our Latest Stock Report on Polestar Automotive Holding UK

Polestar Automotive Holding UK Price Performance

Shares of PSNY stock opened at $1.24 on Thursday. Polestar Automotive Holding UK has a 12-month low of $1.16 and a 12-month high of $4.96. The firm has a fifty day moving average of $1.45 and a 200-day moving average of $1.83.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Large investors have recently bought and sold shares of the company. Invesco Ltd. raised its holdings in shares of Polestar Automotive Holding UK by 10.7% in the third quarter. Invesco Ltd. now owns 2,833,547 shares of the company’s stock valued at $7,481,000 after purchasing an additional 273,479 shares during the last quarter. Tobam increased its stake in Polestar Automotive Holding UK by 24.0% in the 4th quarter. Tobam now owns 1,136,540 shares of the company’s stock valued at $2,569,000 after buying an additional 220,147 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Polestar Automotive Holding UK by 24.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 574,550 shares of the company’s stock worth $1,517,000 after buying an additional 112,900 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Polestar Automotive Holding UK by 67.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 288,172 shares of the company’s stock worth $608,000 after buying an additional 116,207 shares during the last quarter. Finally, Green Alpha Advisors LLC grew its holdings in shares of Polestar Automotive Holding UK by 2.4% in the 1st quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company’s stock valued at $430,000 after acquiring an additional 6,528 shares in the last quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.

About Polestar Automotive Holding UK

(Get Free Report)

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.

Featured Articles

Analyst Recommendations for Polestar Automotive Holding UK (NASDAQ:PSNY)

Receive News & Ratings for Polestar Automotive Holding UK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polestar Automotive Holding UK and related companies with MarketBeat.com's FREE daily email newsletter.