Auto Trader Group (LON:AUTO) Shares Pass Above Fifty Day Moving Average – Here’s Why

Auto Trader Group plc (LON:AUTO) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 487.23 and traded as high as GBX 500.40. Auto Trader Group shares last traded at GBX 492.20, with a volume of 5,386,377 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AUTO shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. dropped their price objective on Auto Trader Group from GBX 630 to GBX 515 and set an “underweight” rating for the company in a research note on Thursday, March 19th. Finally, Citigroup dropped their price objective on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 630.50.

Auto Trader Group Price Performance

The stock has a market capitalization of £4.00 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 3.99 and a beta of 0.69. The company has a debt-to-equity ratio of 10.48, a quick ratio of 1.50 and a current ratio of 1.77. The company has a 50 day moving average of GBX 487.58 and a 200 day moving average of GBX 558.06.

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.