Auto Trader Group (LON:AUTO) Reaches New 52-Week High Following Dividend Announcement

Auto Trader Group plc (LON:AUTO)’s share price hit a new 52-week high on Thursday following a dividend announcement from the company. The company traded as high as GBX 624.60 ($8.16) and last traded at GBX 612.66 ($8.00), with a volume of 459283 shares trading hands. The stock had previously closed at GBX 577.80 ($7.55).

The newly announced dividend which will be paid on Friday, September 24th. Stockholders of record on Thursday, August 26th will be paid a GBX 5 ($0.07) dividend. This is a positive change from Auto Trader Group’s previous dividend of $2.40. The ex-dividend date of this dividend is Thursday, August 26th. This represents a dividend yield of 0.81%. Auto Trader Group’s dividend payout ratio is presently 0.15%.

Several equities analysts recently weighed in on the stock. Shore Capital upgraded shares of Auto Trader Group to a “hold” rating in a research report on Thursday, May 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Auto Trader Group from GBX 680 ($8.88) to GBX 700 ($9.15) and gave the company a “buy” rating in a report on Monday, March 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Auto Trader Group from GBX 492 ($6.43) to GBX 490 ($6.40) and set an “underweight” rating on the stock in a report on Wednesday, March 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Auto Trader Group presently has a consensus rating of “Hold” and an average price target of GBX 527.60 ($6.89).

The company has a quick ratio of 2.90, a current ratio of 3.01 and a debt-to-equity ratio of 25.04. The stock’s 50-day moving average is GBX 566.77. The firm has a market cap of £5.95 billion and a price-to-earnings ratio of 37.54.

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, 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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