JPMorgan Chase & Co. Has Lowered Expectations for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from GBX 635 to GBX 630 in a report issued on Monday, MarketBeat.com reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 8.28% from the stock’s previous close.

A number of other analysts have also recently weighed in on AUTO. Berenberg Bank reissued a “hold” rating and issued a GBX 830 price objective on shares of Auto Trader Group in a research report on Thursday, November 6th. Citigroup dropped their price target on Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating on the stock in a research note on Friday, November 28th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Auto Trader Group presently has a consensus rating of “Hold” and a consensus target price of GBX 725.

Auto Trader Group Stock Down 1.1%

Shares of LON:AUTO traded down GBX 6.63 on Monday, reaching GBX 581.80. The company had a trading volume of 7,473,308 shares, compared to its average volume of 5,270,273. The firm has a market capitalization of £4.93 billion, a PE ratio of 17.50, a PEG ratio of 3.99 and a beta of 0.78. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. Auto Trader Group has a 52-week low of GBX 562 and a 52-week high of GBX 920. The firm’s 50 day simple moving average is GBX 637.78 and its 200-day simple moving average is GBX 745.39.

Auto Trader Group (LON:AUTO) last posted its earnings results on Thursday, November 6th. The company reported GBX 17.26 earnings per share (EPS) for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. As a group, analysts expect that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.

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.