Auto Trader Group PLC (AUTO) PT Raised to GBX 390
Auto Trader Group PLC (LON:AUTO) had its target price upped by investment analysts at Barclays PLC from GBX 375 ($4.89) to GBX 390 ($5.09) in a research note issued to investors on Monday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s target price suggests a potential downside of 3.57% from the company’s previous close.
A number of other equities research analysts have also commented on the stock. Canaccord Genuity lifted their price objective on shares of Auto Trader Group PLC from GBX 395 ($5.16) to GBX 456 ($5.95) and gave the company a “buy” rating in a research report on Wednesday, September 28th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 495 ($6.46) price objective on shares of Auto Trader Group PLC in a research report on Tuesday, September 20th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 400 ($5.22) price objective on shares of Auto Trader Group PLC in a research report on Tuesday, September 13th. Bank of America Corp. initiated coverage on shares of Auto Trader Group PLC in a research report on Friday, September 2nd. They issued a “buy” rating and a GBX 500 ($6.53) price objective for the company. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 445 ($5.81) target price on shares of Auto Trader Group PLC in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 438.77 ($5.73).
Shares of Auto Trader Group PLC (LON:AUTO) opened at 404.4214 on Monday. The company’s market capitalization is GBX 4.04 billion. The firm’s 50-day moving average is GBX 393.38 and its 200-day moving average is GBX 381.90. Auto Trader Group PLC has a 12-month low of GBX 307.80 and a 12-month high of GBX 455.00.
About Auto Trader Group PLC
Auto Trader Group plc is a United Kingdom-based digital automotive company. The Company is engaged in the business of buying and selling vehicles. The Company also has operations in Ireland.
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