Berenberg Bank Cuts Auto Trader Group (LON:AUTO) Price Target to GBX 665

Auto Trader Group (LON:AUTO) had its price target dropped by analysts at Berenberg Bank from GBX 830 to GBX 665 in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 14.30% from the stock’s current price.

Several other analysts have also recently weighed in on AUTO. JPMorgan Chase & Co. lowered their price target on Auto Trader Group from GBX 635 to GBX 630 and set an “underweight” rating on the stock in a report on Monday. Citigroup lowered their price target on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating for the company in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 725.

Auto Trader Group Stock Performance

Shares of AUTO traded down GBX 6.63 on Friday, reaching GBX 581.80. 7,473,308 shares of the company’s stock traded hands, compared to its average volume of 5,270,273. The stock’s 50 day simple moving average is GBX 637.78 and its two-hundred day simple moving average is GBX 745.39. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The stock has a market cap of £4.93 billion, a PE ratio of 17.50, a PEG ratio of 3.99 and a beta of 0.78. Auto Trader Group has a 52-week low of GBX 562 and a 52-week high of GBX 920.

Auto Trader Group (LON:AUTO) last posted its quarterly earnings results on Thursday, November 6th. The company reported GBX 17.26 EPS for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.03%. On average, analysts forecast that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.

Auto Trader Group Company Profile

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.