Auto Trader Group (LON:AUTO) Reaches New 52-Week Low on Analyst Downgrade

Auto Trader Group plc (LON:AUTO)’s share price hit a new 52-week low during mid-day trading on Friday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 850 to GBX 816. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Auto Trader Group traded as low as GBX 452.70 and last traded at GBX 455.50, with a volume of 7911894 shares changing hands. The stock had previously closed at GBX 464.80.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Auto Trader Group from GBX 630 to GBX 515 and set an “underweight” rating on the stock in a research report on Thursday, March 19th. Berenberg Bank reduced their target price on shares of Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating for the company in a report on Friday, January 9th. Finally, Citigroup decreased their price target on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating on the stock in a research note on Friday, November 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Auto Trader Group has an average rating of “Moderate Buy” and a consensus price target of GBX 719.

Auto Trader Group Price Performance

The firm has a market capitalization of £3.71 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 3.99 and a beta of 0.71. The company’s 50 day moving average is GBX 495.02 and its 200 day moving average is GBX 625.89. The company has a quick ratio of 1.50, a current ratio of 1.77 and a debt-to-equity ratio of 10.48.

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.