Auto Trader Group PLC’s (AUTO) “Buy” Rating Reiterated at
A number of other equities research analysts also recently issued reports on AUTO. Numis Securities Ltd reiterated a buy rating and issued a GBX 520 ($6.84) price objective on shares of Auto Trader Group PLC in a research report on Friday, September 1st. Barclays PLC reiterated an overweight rating and issued a GBX 465 ($6.12) price objective on shares of Auto Trader Group PLC in a research report on Thursday, September 28th. Deutsche Bank AG reiterated a hold rating on shares of Auto Trader Group PLC in a research report on Wednesday, October 11th. Credit Suisse Group lowered their price objective on Auto Trader Group PLC from GBX 360 ($4.73) to GBX 330 ($4.34) and set an underperform rating on the stock in a research report on Friday, October 27th. Finally, Shore Capital reiterated a hold rating on shares of Auto Trader Group PLC in a research report on Friday, November 3rd. Six analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 436.75 ($5.74).
Shares of Auto Trader Group PLC (AUTO) opened at GBX 319 ($4.20) on Monday. Auto Trader Group PLC has a 12-month low of GBX 321.10 ($4.22) and a 12-month high of GBX 445 ($5.85).
The company also recently declared a dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 4th will be given a dividend of GBX 1.90 ($0.02) per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a yield of 0.57%.
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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