Auto Trader Group (LON:AUTO) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Auto Trader Group (LON:AUTO) to a buy rating in a research note released on Monday,Digital Look reports. Berenberg Bank currently has GBX 660 price target on the stock, up from their previous price target of GBX 510.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price target on Auto Trader Group from GBX 445 to GBX 440 and set an “underweight” rating on the stock in a research report on Wednesday, August 5th. Deutsche Bank reissued a “buy” rating and issued a GBX 794 price target on shares of Auto Trader Group in a report on Friday, November 6th. Jefferies Financial Group reissued a “buy” rating and set a GBX 640 target price on shares of Auto Trader Group in a research note on Thursday, November 5th. Finally, Royal Bank Of Canada reduced their price target on shares of Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 580.71.

Auto Trader Group Stock Up 0.9%

AUTO opened at GBX 562.60 on Monday. The company has a fifty day moving average of GBX 507.18 and a two-hundred day moving average of GBX 497.30. The stock has a market capitalization of £4.28 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 3.99 and a beta of 0.72. Auto Trader Group has a fifty-two week low of GBX 418.60 and a fifty-two week high of GBX 719.60. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.50 and a current ratio of 1.51.

Auto Trader Group (LON:AUTO) last posted its earnings results on Thursday, November 5th. The company reported GBX 18.10 earnings per share (EPS) for the quarter. Auto Trader Group had a net margin of 46.23% and a return on equity of 90.60%. The business had revenue of £313.40 million for the quarter. On average, research analysts expect that Auto Trader Group will post 32.80 earnings per share for the current year.

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.