Auto Trader Group (LON:AUTO) Price Target Lowered to GBX 535 at Royal Bank Of Canada

Auto Trader Group (LON:AUTO) had its target price lowered by Royal Bank Of Canada from GBX 830 to GBX 535 in a research report report published on Friday,Digital Look reports. The firm currently has a sector perform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a research report on Friday, March 27th. Citigroup dropped their target price on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. UBS Group restated a “sell” rating and set a GBX 470 price target on shares of Auto Trader Group in a research note on Monday, May 18th. Finally, Berenberg Bank cut their price objective on Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of GBX 550.33.

Auto Trader Group Stock Down 3.8%

Shares of AUTO stock opened at GBX 496.90 on Friday. The business’s fifty day moving average is GBX 480.73 and its 200-day moving average is GBX 498.40. The stock has a market cap of £3.91 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. Auto Trader Group has a 1 year low of GBX 418.60 and a 1 year high of GBX 844.40. The company has a debt-to-equity ratio of 50.60, a quick ratio of 1.50 and a current ratio of 1.73.

Auto Trader Group (LON:AUTO) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 34.17 EPS for the quarter. Auto Trader Group had a net margin of 47.08% and a return on equity of 60.53%. The firm had revenue of £624.30 million for the quarter. Equities analysts expect that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Auto Trader Group news, insider Nathan Coe purchased 11,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of GBX 448 per share, for a total transaction of £49,280. Also, insider Matt Davies acquired 5,643 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of GBX 443 per share, for a total transaction of £24,998.49. In the last quarter, insiders have acquired 69,952 shares of company stock worth $31,918,459. Insiders own 3.42% of the company’s stock.

About Auto Trader Group

Autotrader Group plc is the UK’s largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index.

Autotrader’s purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.