Royal Bank Of Canada Has Lowered Expectations for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its price objective decreased by stock analysts at Royal Bank Of Canada from GBX 830 to GBX 535 in a research note issued to investors on Friday,Digital Look reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 4.00% from the company’s current price.

Several other brokerages have also commented on AUTO. JPMorgan Chase & Co. decreased their target price on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating for the company in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating for the company in a report on Friday, March 27th. UBS Group reissued a “sell” rating and set a GBX 470 target price on shares of Auto Trader Group in a report on Monday, May 18th. Berenberg Bank dropped their target price on shares of Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Finally, Citigroup reduced their price target on shares of Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of GBX 550.33.

Auto Trader Group Stock Performance

Shares of AUTO stock opened at GBX 514.40 on Friday. The stock has a market capitalization of £4.05 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 3.99 and a beta of 0.69. Auto Trader Group has a one year low of GBX 418.60 and a one year high of GBX 844.40. The company’s 50-day simple moving average is GBX 481.18 and its 200-day simple moving average is GBX 498.41. The company has a debt-to-equity ratio of 50.60, a quick ratio of 1.50 and a current ratio of 1.73.

Auto Trader Group (LON:AUTO) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 earnings per share for the quarter. The firm had revenue of £624.30 million during the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%. Equities analysts anticipate that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Adam Jay bought 10,846 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of GBX 459 per share, with a total value of £49,783.14. Also, insider Jasvinder Gakhal purchased 5,554 shares of Auto Trader Group stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of GBX 448 per share, with a total value of £24,881.92. Insiders purchased 69,952 shares of company stock worth $31,918,459 over the last 90 days. Insiders own 3.42% of the company’s stock.

Auto Trader Group Company Profile

Autotrader Group plc is the UK’s largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index.

Autotrader’s purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.