Auto Trader Group (LON:AUTO) Price Target Raised to GBX 946

Auto Trader Group (LON:AUTO) had its price objective upped by Citigroup from GBX 881 ($11.00) to GBX 946 ($11.81) in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Berenberg Bank decreased their target price on shares of Auto Trader Group from GBX 880 ($10.98) to GBX 830 ($10.36) and set a “hold” rating for the company in a research note on Thursday, November 7th. Shore Capital cut Auto Trader Group to a “sell” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their target price on Auto Trader Group from GBX 688 ($8.59) to GBX 746 ($9.31) and gave the company an “underweight” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Auto Trader Group has a consensus rating of “Hold” and an average target price of GBX 864.25 ($10.79).

Auto Trader Group Trading Down 1.2 %

AUTO opened at GBX 770 ($9.61) on Thursday. The business has a fifty day moving average price of GBX 802.87 and a 200 day moving average price of GBX 826.76. The stock has a market capitalization of £6.89 billion, a price-to-earnings ratio of 2,750.00, a PEG ratio of 3.99 and a beta of 0.78. Auto Trader Group has a 12 month low of GBX 666 ($8.31) and a 12 month high of GBX 899 ($11.22). The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50.

Auto Trader Group (LON:AUTO) last released its quarterly earnings data on Thursday, November 7th. The company reported GBX 15.56 ($0.19) earnings per share (EPS) for the quarter. Auto Trader Group had a return on equity of 47.59% and a net margin of 45.00%. Sell-side analysts expect that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.

Auto Trader Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd were given a dividend of GBX 3.50 ($0.04) per share. This represents a yield of 0.41%. The ex-dividend date of this dividend was Thursday, January 2nd. Auto Trader Group’s payout ratio is 3,571.43%.

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.