Auto Trader Group PLC’s (AUTO) Buy Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reiterated their buy rating on shares of Auto Trader Group PLC (LON:AUTO) in a report published on Friday morning. They currently have a GBX 520 ($6.72) price objective on the stock.
Other analysts have also issued research reports about the stock. Credit Suisse Group reiterated an underperform rating and set a GBX 360 ($4.65) price objective on shares of Auto Trader Group PLC in a research note on Tuesday, May 9th. Liberum Capital restated a buy rating and issued a GBX 530 ($6.84) price target on shares of Auto Trader Group PLC in a research note on Tuesday, May 16th. Berenberg Bank initiated coverage on shares of Auto Trader Group PLC in a research note on Wednesday, May 17th. They issued a sell rating and a GBX 350 ($4.52) price target for the company. Barclays PLC upgraded shares of Auto Trader Group PLC to an overweight rating and lifted their price target for the stock from GBX 425 ($5.49) to GBX 470 ($6.07) in a research note on Thursday, June 1st. Finally, Deutsche Bank AG reiterated a hold rating and set a GBX 435 ($5.62) target price on shares of Auto Trader Group PLC in a research note on Thursday, June 1st. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 444.15 ($5.74).
Shares of Auto Trader Group PLC (LON AUTO) opened at 352.90 on Friday. The stock has a 50 day moving average of GBX 363.25 and a 200-day moving average of GBX 388.79. Auto Trader Group PLC has a 1-year low of GBX 337.30 and a 1-year high of GBX 445.00. The stock’s market capitalization is GBX 3.44 billion.
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The company also recently announced a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a GBX 3.50 ($0.05) dividend. This represents a dividend 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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