Auto Trader Group (LON:AUTO) Price Target Lowered to GBX 430 at Credit Suisse Group
Auto Trader Group (LON:AUTO) had its target price reduced by Credit Suisse Group from GBX 440 ($5.41) to GBX 430 ($5.29) in a report issued on Monday, Stock Target Advisor reports. The firm currently has an “underperform” rating on the stock. Credit Suisse Group’s price target indicates a potential downside of 19.63% from the stock’s previous close.
Several other research analysts also recently commented on AUTO. Royal Bank of Canada reaffirmed a “sector performer” rating on shares of Auto Trader Group in a report on Friday, June 26th. Citigroup reaffirmed a “neutral” rating and issued a GBX 525 ($6.46) price objective (down from GBX 580 ($7.14)) on shares of Auto Trader Group in a report on Monday. Shore Capital reaffirmed a “hold” rating on shares of Auto Trader Group in a report on Thursday, June 25th. JPMorgan Chase & Co. lowered their target price on shares of Auto Trader Group from GBX 368 ($4.53) to GBX 348 ($4.28) and set an “underweight” rating on the stock in a research note on Monday, May 4th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Auto Trader Group in a research note on Friday, June 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 526.07 ($6.47).
AUTO opened at GBX 535 ($6.58) on Monday. The company has a 50 day moving average of GBX 532.32 and a 200 day moving average of GBX 518.45. The company has a market cap of $5.28 billion and a PE ratio of 23.99. Auto Trader Group has a 12 month low of GBX 308.60 ($3.80) and a 12 month high of GBX 747 ($9.19). The company has a current ratio of 2.01, a quick ratio of 1.94 and a debt-to-equity ratio of 351.73.
Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.
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