Auto Trader Group (LON:AUTO) Shares Cross Above 50-Day Moving Average – Here’s Why

Auto Trader Group plc (LON:AUTO) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 511.23 and traded as high as GBX 553.80. Auto Trader Group shares last traded at GBX 548.80, with a volume of 6,615,660 shares.

Analyst Ratings Changes

AUTO has been the subject of several research analyst reports. Berenberg Bank dropped their price target on shares of Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating for the company in a research report on Tuesday, May 26th. UBS Group reiterated a “sell” rating and issued a GBX 470 target price on shares of Auto Trader Group in a research report on Monday, May 18th. Royal Bank Of Canada cut their price objective on Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. reduced their price objective on Auto Trader Group from GBX 445 to GBX 440 and set an “underweight” rating for the company in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Auto Trader Group has an average rating of “Reduce” and a consensus target price of GBX 549.50.

Auto Trader Group Price Performance

The company has a 50-day moving average of GBX 512.37 and a 200-day moving average of GBX 490.39. The firm has a market capitalization of £4.13 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. The company has a debt-to-equity ratio of 51.83, a quick ratio of 1.50 and a current ratio of 1.73.

Insider Buying and Selling at Auto Trader Group

In related news, insider Matt Davies purchased 5,102 shares of Auto Trader Group stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average price of GBX 490 per share, with a total value of £24,999.80. Also, insider Nathan Coe sold 70,158 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 497, for a total value of £348,685.26. Corporate insiders own 3.54% of the company’s stock.

Auto Trader Group Company Profile

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.