Auto Trader Group (LON:AUTO) Shares Pass Below 50-Day Moving Average – What’s Next?

Auto Trader Group plc (LON:AUTO) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 614.85 and traded as low as GBX 569.20. Auto Trader Group shares last traded at GBX 574.28, with a volume of 2,014,998 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AUTO shares. Citigroup dropped their target price on Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating on the stock in a report on Friday, November 28th. JPMorgan Chase & Co. lowered their price objective on shares of Auto Trader Group from GBX 635 to GBX 630 and set an “underweight” rating on the stock in a research report on Monday, January 12th. Finally, Berenberg Bank cut their price objective on shares of Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating for the company in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 725.

Auto Trader Group Stock Performance

The stock’s fifty day simple moving average is GBX 614.85 and its two-hundred day simple moving average is GBX 735.37. The company has a market cap of £4.78 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66.

Auto Trader Group (LON:AUTO) last issued its earnings results on Thursday, November 6th. The company reported GBX 17.26 earnings per share for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. Equities research analysts anticipate that Auto Trader Group plc will post 32.7973074 EPS for the current year.

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.