Auto Trader Group (LON:AUTO) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Auto Trader Group plc (LON:AUTO)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 648.61 and traded as low as GBX 479.60. Auto Trader Group shares last traded at GBX 494.10, with a volume of 22,305,090 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on AUTO. JPMorgan Chase & Co. restated an “underweight” rating on shares of Auto Trader Group in a report on Wednesday, January 28th. Citigroup reduced their price target on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating on the stock in a report on Friday, November 28th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Auto Trader Group currently has a consensus rating of “Hold” and an average price target of GBX 725.

Auto Trader Group Stock Performance

The company has a market capitalization of £4.10 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 3.99 and a beta of 0.71. The company has a debt-to-equity ratio of 10.48, a quick ratio of 1.50 and a current ratio of 1.77. The stock’s fifty day simple moving average is GBX 516.28 and its 200-day simple moving average is GBX 647.40.

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.