Auto Trader Group (LON:AUTO) Upgraded to “Buy” at Jefferies Financial Group

Auto Trader Group (LON:AUTO) was upgraded by equities research analysts at Jefferies Financial Group to a “buy” rating in a report released on Tuesday, London Stock Exchange reports. The firm presently has a GBX 640 price objective on the stock, up from their previous price objective of GBX 545. Jefferies Financial Group’s price objective points to a potential upside of 23.98% from the stock’s current price.

Several other brokerages have also commented on AUTO. Royal Bank Of Canada cut their price objective on Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating for the company in a report on Friday, July 17th. Berenberg Bank lowered their target price 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 reiterated a “sell” rating and set a GBX 470 target price on shares of Auto Trader Group in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. cut their price target on shares of Auto Trader Group from GBX 445 to GBX 440 and set an “underweight” rating for the company in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 562.43.

Auto Trader Group Price Performance

Shares of LON AUTO opened at GBX 516.20 on Tuesday. The stock’s 50-day simple moving average is GBX 516.07 and its two-hundred day simple moving average is GBX 492.60. Auto Trader Group has a twelve month low of GBX 418.60 and a twelve month high of GBX 828.80. The firm has a market capitalization of £4.01 billion, a P/E ratio of 15.15, a P/E/G ratio of 3.99 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 51.83.

Insider Activity at Auto Trader Group

In related news, insider Jamie Warner sold 32,481 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 497, for a total transaction of £161,430.57. Also, insider Matt Davies purchased 5,102 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was bought at an average cost of GBX 490 per share, for a total transaction of £24,999.80. 3.56% of the stock is currently owned by company 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.