JPMorgan Chase & Co. Reaffirms “Underweight” Rating for Auto Trader Group (LON:AUTO)

Auto Trader Group (LON:AUTO)‘s stock had its “underweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a GBX 746 ($9.63) price objective on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 0.84% from the stock’s current price.

Separately, Citigroup boosted their price target on Auto Trader Group from GBX 881 ($11.38) to GBX 946 ($12.21) and gave the company a “neutral” rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 864.25 ($11.16).

Auto Trader Group Price Performance

Shares of LON AUTO opened at GBX 739.80 ($9.55) on Thursday. Auto Trader Group has a twelve month low of GBX 666 ($8.60) and a twelve month high of GBX 899 ($11.61). The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The company has a market capitalization of £6.53 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The business has a 50 day simple moving average of GBX 776.18 and a 200-day simple moving average of GBX 817.

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.