Morgan Stanley Reiterates “Overweight” Rating for Auto Trader Group (LON:AUTO)

Morgan Stanley restated their overweight rating on shares of Auto Trader Group (LON:AUTOGet Rating) in a research report released on Thursday, Marketbeat reports.

AUTO has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 720 ($9.38) target price on shares of Auto Trader Group in a report on Thursday, March 24th. Shore Capital reaffirmed a hold rating on shares of Auto Trader Group in a report on Tuesday, March 22nd. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Auto Trader Group in a report on Monday, April 4th. Berenberg Bank cut their target price on shares of Auto Trader Group from GBX 745 ($9.71) to GBX 715 ($9.32) and set a hold rating on the stock in a report on Tuesday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of Auto Trader Group in a report on Tuesday, February 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of GBX 701.22 ($9.14).

AUTO stock opened at GBX 644.80 ($8.40) on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.65 and a debt-to-equity ratio of 2.50. Auto Trader Group has a twelve month low of GBX 538 ($7.01) and a twelve month high of GBX 751.40 ($9.79). The company’s 50 day moving average is GBX 647.87 and its two-hundred day moving average is GBX 664.39. The stock has a market cap of ¬£6.08 billion and a P/E ratio of 31.76.

Auto Trader Group Company Profile (Get Rating)

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers, home traders, and logistics firms; vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.

Recommended Stories

Analyst Recommendations for Auto Trader Group (LON:AUTO)

Receive News & Ratings for Auto Trader Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auto Trader Group and related companies with MarketBeat.com's FREE daily email newsletter.