Liberum Capital Reaffirms “Buy” Rating for Auto Trader Group (AUTO)
A number of other brokerages also recently issued reports on AUTO. Barclays downgraded Auto Trader Group to an equal weight rating and raised their price objective for the stock from GBX 435 ($5.68) to GBX 460 ($6.01) in a research report on Tuesday, September 25th. Credit Suisse Group reissued an underperform rating on shares of Auto Trader Group in a research report on Thursday, August 23rd. Peel Hunt raised their price objective on Auto Trader Group from GBX 440 ($5.75) to GBX 510 ($6.66) and gave the stock an add rating in a research report on Thursday, August 23rd. UBS Group downgraded Auto Trader Group to a neutral rating and lifted their target price for the company from GBX 425 ($5.55) to GBX 445 ($5.81) in a research report on Tuesday, September 4th. Finally, Shore Capital reaffirmed a hold rating on shares of Auto Trader Group in a research report on Thursday, August 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 416.11 ($5.44).
Shares of LON:AUTO opened at GBX 411.60 ($5.38) on Tuesday. Auto Trader Group has a 12-month low of GBX 313 ($4.09) and a 12-month high of GBX 445 ($5.81).
About Auto Trader Group
Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.
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