Auto Trader Group PLC (AUTO) Given New GBX 323 Price Target at J P Morgan Chase & Co
Auto Trader Group PLC (LON:AUTO) had its price target cut by J P Morgan Chase & Co from GBX 353 ($4.64) to GBX 323 ($4.25) in a report released on Friday. They currently have an underweight rating on the stock.
Several other equities research analysts have also commented on the company. Barclays PLC reiterated an overweight rating on shares of Auto Trader Group PLC in a research note on Wednesday, October 18th. Liberum Capital reiterated a buy rating and set a GBX 530 ($6.97) price objective on shares of Auto Trader Group PLC in a research note on Tuesday, November 7th. Deutsche Bank AG reiterated a hold rating on shares of Auto Trader Group PLC in a research note on Wednesday, October 11th. Numis Securities Ltd reiterated a buy rating and set a GBX 520 ($6.84) price objective on shares of Auto Trader Group PLC in a research note on Friday, September 1st. Finally, Shore Capital reiterated a hold rating on shares of Auto Trader Group PLC in a research note on Friday, November 3rd. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Auto Trader Group PLC presently has a consensus rating of Hold and a consensus price target of GBX 430.06 ($5.66).
Auto Trader Group PLC (LON:AUTO) traded down GBX 1.26 ($0.02) during trading hours on Friday, reaching GBX 319.14 ($4.20). The company’s stock had a trading volume of 3,490,000 shares, compared to its average volume of 4,700,000. Auto Trader Group PLC has a 52 week low of GBX 313 ($4.12) and a 52 week high of GBX 445 ($5.85).
The business also recently declared a dividend, which will be paid on Friday, January 26th. Stockholders of record on Thursday, January 4th will be given a GBX 1.90 ($0.02) dividend. The ex-dividend date is Thursday, January 4th. This represents a dividend yield of 0.57%.
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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