JPMorgan Chase & Co. Cuts Auto Trader Group (LON:AUTO) Price Target to GBX 440

Auto Trader Group (LON:AUTO) had its target price reduced by JPMorgan Chase & Co. from GBX 445 to GBX 440 in a research note released on Wednesday,Digital Look reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities analysts also recently issued research reports about the company. Citigroup cut their price objective on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating for the company in a research report on Thursday, April 9th. UBS Group restated a “sell” rating and issued a GBX 470 target price on shares of Auto Trader Group in a research note on Monday, May 18th. Royal Bank Of Canada cut their price target on Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating for the company in a report on Friday, July 17th. Finally, Berenberg Bank decreased their price objective 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. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of GBX 549.50.

Auto Trader Group Price Performance

Shares of Auto Trader Group stock opened at GBX 521 on Wednesday. The stock has a market capitalization of £4.08 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 3.99 and a beta of 0.69. The firm’s 50-day moving average price is GBX 492.73 and its two-hundred day moving average price is GBX 491.33. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 50.60. Auto Trader Group has a 1-year low of GBX 418.60 and a 1-year high of GBX 838.40.

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

Insider Activity at Auto Trader Group

In other Auto Trader Group news, insider Megan Quinn bought 10,900 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of GBX 462 per share, for a total transaction of £50,358. Also, insider Matt Davies purchased 5,102 shares of Auto Trader Group stock in a transaction dated Monday, June 29th. The stock was bought at an average price of GBX 490 per share, for a total transaction of £24,999.80. In the last ninety days, insiders have purchased 69,952 shares of company stock worth $31,918,459. 3.54% of the stock is owned by company insiders.

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.