Auto Trader Group (LON:AUTO) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Auto Trader Group plc (LON:AUTO)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 515.26 and traded as high as GBX 519.20. Auto Trader Group shares last traded at GBX 512.20, with a volume of 2,310,190 shares trading hands.

Analysts Set New Price Targets

AUTO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Auto Trader Group from GBX 445 to GBX 440 and set an “underweight” rating for the company in a report on Wednesday, August 5th. UBS Group reaffirmed a “sell” rating and issued a GBX 470 target price on shares of Auto Trader Group in a research report on Monday, May 18th. Royal Bank Of Canada dropped their price target on shares of Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Finally, Berenberg Bank reduced their price target 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. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of GBX 549.50.

Auto Trader Group Price Performance

The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 51.83. The stock has a market cap of £3.97 billion, a PE ratio of 14.89, a P/E/G ratio of 3.99 and a beta of 0.69. The company has a fifty day moving average of GBX 515.79 and a 200-day moving average of GBX 492.08.

Insider Transactions at Auto Trader Group

In related news, insider Nathan Coe sold 70,158 shares of Auto Trader Group stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 497, for a total value of £348,685.26. Also, insider Jamie Warner sold 32,481 shares of Auto Trader Group stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 497, for a total transaction of £161,430.57. Corporate insiders own 3.54% of the company’s stock.

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.