Auto Trader Group (LON:AUTO) Given Hold Rating at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Auto Trader Group (LON:AUTO) in a report released on Thursday morning, Marketbeat reports. The brokerage currently has a GBX 830 target price on the stock.

Separately, JPMorgan Chase & Co. increased their target price on shares of Auto Trader Group from GBX 765 to GBX 770 and gave the stock an “underweight” rating in a report on Friday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of GBX 848.67.

Auto Trader Group Trading Down 5.9%

Shares of LON AUTO traded down GBX 47.40 during mid-day trading on Thursday, hitting GBX 751.20. The stock had a trading volume of 2,651,634 shares, compared to its average volume of 5,668,395. The business has a 50 day moving average price of GBX 785.19 and a two-hundred day moving average price of GBX 813.68. Auto Trader Group has a 1 year low of GBX 706 and a 1 year high of GBX 920. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The firm has a market cap of £6.48 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Auto Trader Group (LON:AUTO) last announced its quarterly earnings results on Thursday, November 6th. The company reported GBX 17.26 earnings per share for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.03%. On average, equities analysts anticipate that Auto Trader Group will post 32.7973074 EPS for the current fiscal year.

Auto Trader Group Company Profile

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.