Auto Trader Group (AUTO) Reaches New 12-Month High at $597.40

Shares of Auto Trader Group PLC (LON:AUTO) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 597.40 ($7.81) and last traded at GBX 597.40 ($7.81), with a volume of 3138650 shares traded. The stock had previously closed at GBX 581.20 ($7.59).

AUTO has been the topic of several research reports. Peel Hunt reissued an “add” rating on shares of Auto Trader Group in a research report on Monday, April 1st. UBS Group increased their price target on shares of Auto Trader Group from GBX 445 ($5.81) to GBX 510 ($6.66) and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Liberum Capital increased their price target on shares of Auto Trader Group from GBX 470 ($6.14) to GBX 620 ($8.10) and gave the stock a “buy” rating in a research report on Wednesday, April 17th. HSBC initiated coverage on shares of Auto Trader Group in a research report on Tuesday, February 12th. They set a “hold” rating and a GBX 465 ($6.08) price target on the stock. Finally, Shore Capital reissued a “hold” rating on shares of Auto Trader Group in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 478 ($6.25).

The firm has a market cap of $5.55 billion and a price-to-earnings ratio of 31.78. The company has a debt-to-equity ratio of 1,669.31, a quick ratio of 1.02 and a current ratio of 1.07.

TRADEMARK VIOLATION NOTICE: This article was first posted by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.themarketsdaily.com/2019/05/24/auto-trader-group-auto-reaches-new-12-month-high-at-597-40.html.

Auto Trader Group Company Profile (LON:AUTO)

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.

Recommended Story: How to trade on quiet period expirations

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.