Tuanche (TC) Receives Consensus Rating of “Strong Buy” from Brokerages

Tuanche (NYSE:TC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $13.00 for the company, according to Zacks. Zacks has also given Tuanche an industry rank of 173 out of 255 based on the ratings given to its competitors.

Separately, Maxim Group initiated coverage on shares of Tuanche in a research note on Tuesday, February 5th. They issued a “buy” rating and a $13.00 price target for the company.

TC stock opened at $6.44 on Thursday. Tuanche has a one year low of $6.01 and a one year high of $7.93.

Tuanche (NYSE:TC) last released its quarterly earnings results on Tuesday, December 18th. The company reported ($0.28) EPS for the quarter. The business had revenue of $22.61 million for the quarter.

About Tuanche

TuanChe Limited operates as an omni-channel automotive marketplace in China. It organizes auto shows and group events that attract various consumers, as well as provides integrated marketing solutions to its industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers and enable interactions between participants on both sides of a potential transaction, creating a many-to-many environment.

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