Auto Trader Group (LON:AUTO) PT Raised to GBX 490 at Barclays
Auto Trader Group (LON:AUTO) had its price target raised by Barclays from GBX 440 ($5.41) to GBX 490 ($6.03) in a research note released on Friday morning, Stock Target Advisor reports. They currently have an equal weight rating on the stock.
Several other equities research analysts also recently weighed in on AUTO. UBS Group reaffirmed a buy rating on shares of Auto Trader Group in a report on Friday, June 19th. JPMorgan Chase & Co. cut their price target on shares of Auto Trader Group from GBX 368 ($4.53) to GBX 348 ($4.28) and set an underweight rating for the company in a report on Monday, May 4th. Liberum Capital reissued a buy rating on shares of Auto Trader Group in a report on Wednesday, April 1st. HSBC downgraded shares of Auto Trader Group to a hold rating and cut their price target for the company from GBX 675 ($8.31) to GBX 410 ($5.05) in a report on Thursday, March 26th. Finally, Credit Suisse Group upped their price target on shares of Auto Trader Group from GBX 375 ($4.61) to GBX 440 ($5.41) and gave the company an underperform rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Auto Trader Group has a consensus rating of Hold and an average price target of GBX 526.07 ($6.47).
AUTO stock opened at GBX 535 ($6.58) on Friday. The company has a market capitalization of $5.28 billion and a P/E ratio of 23.90. The company has a 50-day simple moving average of GBX 531.25 and a 200 day simple moving average of GBX 518.56. Auto Trader Group has a fifty-two week low of GBX 308.60 ($3.80) and a fifty-two week high of GBX 747 ($9.19). The company has a quick ratio of 1.94, a current ratio of 2.01 and a debt-to-equity ratio of 351.73.
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.
Featured Article: What is the Gross Domestic Product (GDP)?
Receive News & Ratings for Auto Trader Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auto Trader Group and related companies with MarketBeat.com's FREE daily email newsletter.