Auto Trader Group (LON:AUTO) Hits New 1-Year Low Following Analyst Downgrade

Auto Trader Group plc (LON:AUTO)’s stock price hit a new 52-week low during mid-day trading on Friday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 850 to GBX 816. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Auto Trader Group traded as low as GBX 452.70 and last traded at GBX 455.50, with a volume of 7911894 shares. The stock had previously closed at GBX 464.80.

Several other equities analysts have also recently issued reports on the company. Citigroup decreased their price objective on Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating for the company in a report on Friday, November 28th. Berenberg Bank decreased their target price on Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating on the stock in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Auto Trader Group from GBX 630 to GBX 515 and set an “underweight” rating on the stock in a research note on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Auto Trader Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 719.

Auto Trader Group Stock Performance

The firm has a 50-day moving average price of GBX 497.74 and a 200 day moving average price of GBX 628.37. The firm has a market capitalization of £3.78 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 3.99 and a beta of 0.71. The company has a quick ratio of 1.50, a current ratio of 1.77 and a debt-to-equity ratio of 10.48.

About Auto Trader Group

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.