Analysts Set Auto Trader Group plc (LON:AUTO) Target Price at GBX 550.33

Shares of Auto Trader Group plc (LON:AUTO) have been assigned an average recommendation of “Reduce” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 550.33.

A number of analysts have recently issued reports on the stock. Berenberg Bank dropped 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 research note on Tuesday, May 26th. UBS Group reissued a “sell” rating and issued a GBX 470 price objective on shares of Auto Trader Group in a report on Monday, May 18th. Citigroup dropped their target price on shares of Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada dropped their price target on Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating on the stock in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research report on Friday, May 22nd.

Auto Trader Group Price Performance

AUTO opened at GBX 482.50 on Friday. Auto Trader Group has a 1 year low of GBX 418.60 and a 1 year high of GBX 844.40. The firm has a 50 day moving average price of GBX 480.28 and a 200 day moving average price of GBX 495.21. The company has a market cap of £3.80 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. The company has a debt-to-equity ratio of 50.60, a quick ratio of 1.50 and a current ratio of 1.73.

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

Insider Buying and Selling at Auto Trader Group

In related news, insider Nathan Coe sold 70,158 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 497, for a total value of £348,685.26. Also, insider Matt Davies purchased 5,102 shares of the company’s stock in a transaction on Monday, June 29th. The shares were bought at an average price of GBX 490 per share, for a total transaction of £24,999.80. Over the last quarter, insiders purchased 69,952 shares of company stock valued at $31,918,459. 3.42% of the stock is currently owned by insiders.

About Auto Trader Group

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.