Auto Trader Group PLC (AUTO) Rating Reiterated by Credit Suisse Group AG
Auto Trader Group PLC (LON:AUTO)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse Group AG in a research note issued to investors on Monday. They currently have a GBX 390 ($4.87) price target on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 1.38% from the stock’s current price.
Several other brokerages also recently issued reports on AUTO. Numis Securities Ltd reiterated a “buy” rating and set a GBX 495 ($6.18) price target on shares of Auto Trader Group PLC in a research report on Tuesday, September 20th. Barclays PLC upped their price target on shares of Auto Trader Group PLC from GBX 375 ($4.69) to GBX 390 ($4.87) and gave the stock an “equal weight” rating in a research report on Monday, October 3rd. Deutsche Bank AG reiterated a “hold” rating and set a GBX 400 ($5.00) price target on shares of Auto Trader Group PLC in a research report on Friday, November 11th. Jefferies Group reiterated a “buy” rating and set a GBX 520 ($6.50) price target on shares of Auto Trader Group PLC in a research report on Friday, November 11th. Finally, BNP Paribas reiterated an “outperform” rating and set a GBX 460 ($5.75) price target on shares of Auto Trader Group PLC in a research report on Friday, November 11th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 450.69 ($5.63).
Shares of Auto Trader Group PLC (LON:AUTO) opened at 385.2917 on Monday. The stock’s market capitalization is GBX 3.81 billion. The firm’s 50-day moving average is GBX 385.14 and its 200-day moving average is GBX 382.33. 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 declared a dividend, which will be paid on Friday, January 27th. Stockholders of record on Thursday, January 5th will be paid a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, January 5th. This is a boost from Auto Trader Group PLC’s previous dividend of $1.00. This represents a dividend yield of 0.43%.
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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