Berenberg Bank Cuts Auto Trader Group (LON:AUTO) Price Target to GBX 665

Auto Trader Group (LON:AUTO) had its price objective trimmed by Berenberg Bank from GBX 830 to GBX 665 in a research report report published on Friday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other brokerages have also issued reports on AUTO. Citigroup decreased their price target on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating for the company in a report on Friday, November 28th. JPMorgan Chase & Co. dropped their price target on Auto Trader Group from GBX 635 to GBX 630 and set an “underweight” rating on the stock in a research report on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Auto Trader Group has a consensus rating of “Hold” and an average target price of GBX 725.

Auto Trader Group Price Performance

AUTO stock traded down GBX 6.63 during trading on Friday, hitting GBX 581.80. The company had a trading volume of 7,473,308 shares, compared to its average volume of 5,270,273. The company has a fifty day moving average price of GBX 637.78 and a two-hundred day moving average price of GBX 745.39. Auto Trader Group has a fifty-two week low of GBX 562 and a fifty-two week high of GBX 920. The company has a market cap of £4.93 billion, a P/E ratio of 17.50, a P/E/G 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 (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%. Equities research 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.