Peel Hunt Reaffirms Buy Rating for Auto Trader Group (AUTO)
Auto Trader Group (LON:AUTO)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research report issued to clients and investors on Thursday. They presently have a GBX 400 ($5.35) target price on the stock. Peel Hunt’s price target indicates a potential upside of 11.61% from the company’s previous close.
Several other equities analysts have also weighed in on AUTO. Shore Capital Group restated a “hold” rating on shares of Auto Trader Group in a report on Friday, November 3rd. restated a “buy” rating and set a GBX 450 ($6.02) target price on shares of Auto Trader Group in a report on Thursday, November 9th. reiterated a “buy” rating and issued a GBX 450 ($6.02) price objective on shares of Auto Trader Group in a research note on Thursday, November 9th. Credit Suisse Group dropped their price objective on Auto Trader Group from GBX 360 ($4.81) to GBX 330 ($4.41) and set an “underperform” rating on the stock in a research note on Friday, October 27th. Finally, Shore Capital reiterated a “hold” rating on shares of Auto Trader Group in a research note on Thursday, November 9th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 416.17 ($5.56).
Auto Trader Group (AUTO) opened at GBX 358.40 ($4.79) on Thursday. Auto Trader Group has a 1-year low of GBX 313 ($4.19) and a 1-year high of GBX 445 ($5.95). The firm has a market capitalization of $3,430.00 and a PE ratio of 2,108.24.
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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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