JPMorgan Chase & Co. Has Lowered Expectations for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its price target dropped by research analysts at JPMorgan Chase & Co. from GBX 515 to GBX 445 in a research report issued to clients and investors on Friday,Digital Look reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 0.76% from the company’s previous close.

Several other research analysts have also recently commented on AUTO. Deutsche Bank Aktiengesellschaft reduced their target price on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating for the company in a research report on Friday, March 27th. Citigroup reduced their price objective on shares of Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, UBS Group reissued a “sell” rating and issued a GBX 470 target price on shares of Auto Trader Group in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 584.40.

Auto Trader Group Price Performance

LON:AUTO opened at GBX 448.40 on Friday. The stock has a market cap of £3.66 billion, a P/E ratio of 13.49, a PEG ratio of 3.99 and a beta of 0.69. Auto Trader Group has a one year low of GBX 443.40 and a one year high of GBX 920. The company has a fifty day moving average price of GBX 488.20 and a 200 day moving average price of GBX 547.55. The company has a debt-to-equity ratio of 10.48, a current ratio of 1.77 and a quick ratio of 1.50.

Auto Trader Group (LON:AUTO) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 EPS for the quarter. Auto Trader Group had a net margin of 47.69% and a return on equity of 51.86%. The business had revenue of £624.30 million during the quarter. Analysts anticipate that Auto Trader Group will post 32.7973074 earnings per share for the current year.

Insider Transactions at Auto Trader Group

In related news, insider Matt Davies acquired 5,532 shares of the stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of GBX 452 per share, for a total transaction of £25,004.64. Also, insider Amanda James bought 5,477 shares of Auto Trader Group stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of GBX 454 per share, for a total transaction of £24,865.58. 3.31% of the stock is owned by corporate insiders.

About Auto Trader Group

Autotrader Group plc is the UK’s largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index.

Autotrader’s purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.