Auto Trader Group (LON:AUTO) Price Target Lowered to GBX 368 at JPMorgan Chase & Co.
Auto Trader Group (LON:AUTO) had its price objective lowered by JPMorgan Chase & Co. from GBX 494 ($6.50) to GBX 368 ($4.84) in a research note released on Friday morning, Stock Target Advisor reports. The brokerage currently has an underweight rating on the stock.
AUTO has been the subject of several other research reports. Credit Suisse Group increased their price target on shares of Auto Trader Group from GBX 440 ($5.79) to GBX 480 ($6.31) and gave the company an underperform rating in a research note on Thursday, January 16th. Liberum Capital reissued a buy rating on shares of Auto Trader Group in a research note on Tuesday, January 14th. Morgan Stanley increased their price target on shares of Auto Trader Group from GBX 560 ($7.37) to GBX 650 ($8.55) and gave the company an overweight rating in a research note on Friday, January 24th. HSBC raised shares of Auto Trader Group to a buy rating and increased their price target for the company from GBX 535 ($7.04) to GBX 675 ($8.88) in a research note on Friday, December 13th. Finally, Goldman Sachs Group decreased their price objective on shares of Auto Trader Group from GBX 688 ($9.05) to GBX 653 ($8.59) and set a buy rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 572.56 ($7.53).
Shares of Auto Trader Group stock traded down GBX 50.30 ($0.66) during mid-day trading on Friday, hitting GBX 377.20 ($4.96). The stock had a trading volume of 9,393,379 shares, compared to its average volume of 5,830,000. The firm has a 50-day moving average of GBX 526.50 and a two-hundred day moving average of GBX 544.41. Auto Trader Group has a 12-month low of GBX 426.30 ($5.61) and a 12-month high of GBX 747 ($9.83). The company has a quick ratio of 1.94, a current ratio of 2.01 and a debt-to-equity ratio of 351.73. The firm has a market cap of $3.47 billion and a P/E ratio of 16.91.
About Auto Trader Group
Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.
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