Auto Trader Group PLC (AUTO) Stock Rating Reaffirmed by Deutsche Bank AG
Auto Trader Group PLC (LON:AUTO)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank AG in a research note issued to investors on Friday. They currently have a GBX 400 ($5.00) price target on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 2.35% from the stock’s current price.
A number of other brokerages have also recently commented on AUTO. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 495 ($6.18) target price on shares of Auto Trader Group PLC in a research report on Friday, October 28th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 456 ($5.70) target price on shares of Auto Trader Group PLC in a research report on Thursday, November 10th. Barclays PLC lifted their target price on shares of Auto Trader Group PLC from GBX 340 ($4.25) to GBX 375 ($4.69) and gave the stock an “equal weight” rating in a research report on Monday, September 12th. Bank of America Corp. started 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 ($6.25) target price on the stock. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 445 ($5.56) target price on shares of Auto Trader Group PLC in a research report on Tuesday, August 16th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 450.69 ($5.63).
Auto Trader Group PLC (LON:AUTO) opened at 388.10 on Friday. Auto Trader Group PLC has a 52-week low of GBX 307.80 and a 52-week high of GBX 455.00. The company’s market cap is GBX 3.84 billion. The stock’s 50 day moving average is GBX 385.16 and its 200-day moving average is GBX 382.28.
The business also recently announced a dividend, which will be paid on Friday, January 27th. Stockholders of record on Thursday, January 5th will be paid a dividend of GBX 1.70 ($0.02) per share. This is a positive change from Auto Trader Group PLC’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, January 5th. This represents a dividend yield of 0.43%.
Auto Trader Group PLC Company Profile
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.
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