Auto Trader Group PLC (AUTO) Receives Average Recommendation of “Hold” from Analysts
Shares of Auto Trader Group PLC (LON:AUTO) have received a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 448.14 ($5.82).
A number of equities research analysts recently commented on AUTO shares. Credit Suisse Group restated an “underperform” rating and set a GBX 360 ($4.67) price target on shares of Auto Trader Group PLC in a research report on Tuesday, May 9th. Liberum Capital restated a “buy” rating and set a GBX 530 ($6.88) price target on shares of Auto Trader Group PLC in a research report on Tuesday, May 16th. Berenberg Bank started coverage on Auto Trader Group PLC in a research report on Wednesday, May 17th. They set a “sell” rating and a GBX 350 ($4.54) price target on the stock. Barclays PLC upgraded Auto Trader Group PLC to an “overweight” rating and increased their price target for the stock from GBX 425 ($5.52) to GBX 470 ($6.10) in a research report on Thursday, June 1st. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 435 ($5.65) price target on shares of Auto Trader Group PLC in a research report on Thursday, June 1st.
Auto Trader Group PLC (AUTO) opened at 344.20 on Friday. The stock’s market cap is GBX 3.35 billion. Auto Trader Group PLC has a 52-week low of GBX 337.30 and a 52-week high of GBX 445.00. The firm has a 50-day moving average price of GBX 365.97 and a 200 day moving average price of GBX 391.34.
The company also recently disclosed a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a GBX 3.50 ($0.05) dividend. This represents a yield of 0.84%. This is a positive change from Auto Trader Group PLC’s previous dividend of $1.70. The ex-dividend date of this dividend is Thursday, August 31st.
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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