Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its target price reduced by research analysts at Deutsche Bank Aktiengesellschaft from GBX 850 to GBX 816 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 82.55% from the company’s previous close.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. cut their price objective on 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. Citigroup lowered their target price on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Berenberg Bank cut their price target on shares of Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating on the stock in a report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 719.

Auto Trader Group Stock Performance

AUTO opened at GBX 447 on Friday. Auto Trader Group has a fifty-two week low of GBX 446.70 and a fifty-two week high of GBX 920. The company has a debt-to-equity ratio of 10.48, a quick ratio of 1.50 and a current ratio of 1.77. The stock has a market capitalization of £3.71 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 3.99 and a beta of 0.71. The company has a fifty day moving average of GBX 495.02 and a 200 day moving average of GBX 624.58.

About Auto Trader Group

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.