Auto Trader Group (LON:AUTO) Shares Pass Above Fifty Day Moving Average – Here’s Why

Auto Trader Group plc (LON:AUTO)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 487.23 and traded as high as GBX 500.40. Auto Trader Group shares last traded at GBX 492.20, with a volume of 5,386,377 shares changing hands.

Wall Street Analysts Forecast Growth

AUTO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Auto Trader Group from GBX 630 to GBX 515 and set an “underweight” rating for the company in a research note on Thursday, March 19th. Citigroup reduced their target price on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 630.50.

Auto Trader Group Price Performance

The company has a fifty day moving average of GBX 487.23 and a 200 day moving average of GBX 558.54. The firm has a market capitalization of £3.96 billion, a P/E ratio of 14.61, a PEG ratio of 3.99 and a beta of 0.69. The company has a debt-to-equity ratio of 10.48, a current ratio of 1.77 and a quick ratio of 1.50.

Auto Trader Group Company Profile

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.