Auto Trader Group (LON:AUTO) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Auto Trader Group plc (LON:AUTO)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 809.67 ($10.44) and traded as low as GBX 743.20 ($9.59). Auto Trader Group shares last traded at GBX 764.31 ($9.86), with a volume of 2,050,397 shares.

Wall Street Analysts Forecast Growth

AUTO has been the topic of a number of analyst reports. Citigroup lifted their price target on Auto Trader Group from GBX 881 ($11.36) to GBX 946 ($12.20) and gave the company a “neutral” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 746 ($9.62) target price on shares of Auto Trader Group in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Auto Trader Group presently has a consensus rating of “Hold” and a consensus target price of GBX 864.25 ($11.15).

Auto Trader Group Stock Down 0.7 %

The company has a 50-day moving average of GBX 770.53 and a 200-day moving average of GBX 809.67. 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 £6.75 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Auto Trader Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd were issued a dividend of GBX 3.50 ($0.05) per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a dividend yield of 0.41%. Auto Trader Group’s dividend payout ratio (DPR) is currently 35.44%.

Insider Buying and Selling

In other Auto Trader Group news, insider Nathan Coe sold 2,083,252 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of GBX 386 ($4.98), for a total value of £8,041,352.72 ($10,373,262.02). 1.04% of the stock is owned by company insiders.

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.