Auto Trader Group (LON:AUTO) Price Target Cut to GBX 516

Auto Trader Group (LON:AUTOGet 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 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.

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Analyst Recommendations for Auto Trader Group (LON:AUTO)

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