Auto Trader Group (LON:AUTO – Get Rating) had its price objective lowered by JPMorgan Chase & Co. from GBX 586 ($7.37) to GBX 516 ($6.49) in a research note issued on Wednesday, Marketbeat reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 8.48% from the stock’s current price.
Several other research analysts have also recently commented on AUTO. Deutsche Bank Aktiengesellschaft reduced their price target on Auto Trader Group from GBX 800 ($10.07) to GBX 720 ($9.06) and set a “buy” rating for the company in a research report on Thursday, May 19th. Citigroup reaffirmed a “neutral” rating on shares of Auto Trader Group in a research report on Thursday, May 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 720 ($9.06) price objective on shares of Auto Trader Group in a research report on Thursday, March 24th. Berenberg Bank lowered their target price on Auto Trader Group from GBX 745 ($9.37) to GBX 715 ($9.00) and set a “hold” rating on the stock in a research note on Tuesday, March 22nd. Finally, Barclays lowered their price objective on Auto Trader Group from GBX 725 ($9.12) to GBX 720 ($9.06) and set an “equal weight” rating on the stock in a research note on Tuesday, April 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 682.89 ($8.59).
Shares of LON AUTO opened at GBX 563.80 ($7.09) on Wednesday. The stock has a 50 day moving average price of GBX 621.26 and a 200 day moving average price of GBX 664.09. Auto Trader Group has a 52 week low of GBX 531.20 ($6.68) and a 52 week high of GBX 751.40 ($9.46). The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.65 and a current ratio of 1.77. The stock has a market capitalization of £5.32 billion and a PE ratio of 27.78.
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.
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