Auto Trader Group (AUTO) PT Lowered to GBX 370
Auto Trader Group (LON:AUTO) had its price objective decreased by stock analysts at Deutsche Bank from GBX 390 ($5.25) to GBX 370 ($4.98) in a report released on Monday. The firm presently has a “hold” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 8.76% from the company’s previous close.
Several other research analysts also recently commented on AUTO. Numis Securities reaffirmed a “buy” rating and issued a GBX 520 ($7.00) price target on shares of Auto Trader Group in a research report on Friday, September 1st. Barclays reaffirmed an “overweight” rating and issued a GBX 465 ($6.26) price target on shares of Auto Trader Group in a research report on Thursday, September 28th. Credit Suisse Group dropped their price target on Auto Trader Group from GBX 360 ($4.85) to GBX 330 ($4.44) and set an “underperform” rating on the stock in a research report on Friday, October 27th. Shore Capital reaffirmed a “hold” rating on shares of Auto Trader Group in a research report on Friday, November 3rd. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 530 ($7.13) price target on shares of Auto Trader Group in a research report on Tuesday, November 7th. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 418.94 ($5.64).
Auto Trader Group (LON:AUTO) opened at GBX 340.20 ($4.58) on Monday. Auto Trader Group has a 1 year low of GBX 313 ($4.21) and a 1 year high of GBX 445 ($5.99).
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Auto Trader Group Company Profile
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.
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