Auto Trader Group PLC (AUTO) To Go Ex-Dividend on August 31st
Auto Trader Group PLC (LON:AUTO) declared a dividend on Thursday, June 8th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 31st will be given a dividend of GBX 3.50 ($0.05) per share on Friday, September 29th. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from Auto Trader Group PLC’s previous dividend of $1.70. The official announcement can be viewed at this link.
Shares of Auto Trader Group PLC (LON:AUTO) opened at 344.20 on Friday. The firm’s market cap is GBX 3.35 billion. The company’s 50-day moving average is GBX 365.97 and its 200-day moving average is GBX 391.34. Auto Trader Group PLC has a 52-week low of GBX 337.30 and a 52-week high of GBX 445.00.
AUTO has been the subject of a number of research analyst reports. Numis Securities Ltd restated a “buy” rating and set a GBX 520 ($6.75) price objective on shares of Auto Trader Group PLC in a research report on Wednesday, June 14th. Liberum Capital restated a “buy” rating and set a GBX 530 ($6.88) price objective on shares of Auto Trader Group PLC in a research report on Tuesday, May 16th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 435 ($5.65) target price on shares of Auto Trader Group PLC in a research note on Thursday, June 1st. Shore Capital assumed coverage on shares of Auto Trader Group PLC in a research note on Thursday, July 13th. They set a “hold” rating for the company. Finally, Barclays PLC lowered their target price on shares of Auto Trader Group PLC from GBX 470 ($6.10) to GBX 465 ($6.04) and set an “overweight” rating for the company in a research note on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Auto Trader Group PLC presently has an average rating of “Hold” and a consensus price target of GBX 448.14 ($5.82).
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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