Auto Trader Group PLC (AUTO) Stock Rating Reaffirmed by Peel Hunt
Auto Trader Group PLC (LON:AUTO)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a report released on Friday. They currently have a GBX 445 ($5.56) target price on the stock. Peel Hunt’s price target suggests a potential upside of 13.87% from the company’s current price.
AUTO has been the subject of a number of other reports. BNP Paribas reissued an “outperform” rating and issued a GBX 460 ($5.75) price objective on shares of Auto Trader Group PLC in a research note on Friday. Jefferies Group reissued a “buy” rating and issued a GBX 520 ($6.50) price objective on shares of Auto Trader Group PLC in a research note on Friday. Deutsche Bank AG reissued a “hold” rating and issued a GBX 400 ($5.00) price objective on shares of Auto Trader Group PLC in a research note on Friday. Numis Securities Ltd lifted their price objective on shares of Auto Trader Group PLC from GBX 495 ($6.18) to GBX 515 ($6.43) and gave the stock a “buy” rating in a research note on Thursday, November 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 456 ($5.70) price objective on shares of Auto Trader Group PLC in a research note on Thursday, November 10th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 450.69 ($5.63).
Auto Trader Group PLC (LON:AUTO) opened at 389.90 on Friday. The company has a 50-day moving average of GBX 385.16 and a 200-day moving average of GBX 382.28. The company’s market capitalization is GBX 3.85 billion. Auto Trader Group PLC has a 1-year low of GBX 307.80 and a 1-year high of GBX 455.00.
The business also recently disclosed a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, January 5th will be given a GBX 1.70 ($0.02) dividend. This represents a yield of 0.43%. This is a boost from Auto Trader Group PLC’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, January 5th.
About Auto Trader Group PLC
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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