Auto Trader Group (LON:AUTO) Receives “Buy” Rating from UBS Group
UBS Group reiterated their buy rating on shares of Auto Trader Group (LON:AUTO) in a report published on Friday morning, Stock Target Advisor reports.
Several other equities analysts have also recently issued reports on the company. Morgan Stanley decreased their price objective on Auto Trader Group from GBX 600 ($7.38) to GBX 570 ($7.01) and set an overweight rating for the company in a report on Monday, May 25th. Liberum Capital reissued a buy rating on shares of Auto Trader Group in a report on Wednesday, April 1st. Jefferies Financial Group reissued a hold rating on shares of Auto Trader Group in a report on Friday. Barclays upped their price target on Auto Trader Group from GBX 440 ($5.41) to GBX 490 ($6.03) and gave the company an equal weight rating in a research report on Friday. Finally, HSBC lowered Auto Trader Group to a hold rating and dropped their price target for the company from GBX 675 ($8.31) to GBX 410 ($5.05) in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Auto Trader Group has an average rating of Hold and a consensus price target of GBX 526.07 ($6.47).
Shares of AUTO stock opened at GBX 535 ($6.58) on Friday. The stock has a market cap of $5.28 billion and a PE ratio of 23.90. The business has a 50-day simple moving average of GBX 531.25 and a 200-day simple moving average of GBX 518.56. 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 has a 52-week low of GBX 308.60 ($3.80) and a 52-week high of GBX 747 ($9.19).
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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