JPMorgan Chase & Co. Reaffirms Underweight Rating for Auto Trader Group (LON:AUTO)

Auto Trader Group (LON:AUTO)‘s stock had its “underweight” rating reissued by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports.

Several other analysts have also commented on AUTO. Berenberg Bank lowered their price target on shares of Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating on the stock in a research report on Friday, January 9th. Citigroup decreased their price objective on Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating for the company in a report on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 725.

Auto Trader Group Price Performance

LON:AUTO traded up GBX 5.80 during trading hours on Wednesday, reaching GBX 554.60. 4,787,453 shares of the company were exchanged, compared to its average volume of 4,347,395. The stock’s 50-day moving average is GBX 598.67 and its 200-day moving average is GBX 724.48. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The firm has a market cap of £4.70 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. Auto Trader Group has a twelve month low of GBX 548.40 and a twelve month high of GBX 920.

Auto Trader Group (LON:AUTO) last posted its quarterly earnings data on Thursday, November 6th. The company reported GBX 17.26 earnings per share for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.03%. On average, sell-side analysts anticipate that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.

Auto Trader Group Company Profile

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.