Auto Trader Group (LON:AUTO) Price Target Lowered to GBX 510 at Berenberg Bank

Auto Trader Group (LON:AUTO) had its target price cut by analysts at Berenberg Bank from GBX 580 to GBX 510 in a report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 17.05% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Citigroup cut their target price on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. dropped their price objective on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research note on Friday. Finally, UBS Group reiterated a “sell” rating and issued a GBX 470 price objective on shares of Auto Trader Group in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of GBX 553.40.

Auto Trader Group Price Performance

Shares of LON AUTO opened at GBX 435.70 on Tuesday. Auto Trader Group has a twelve month low of GBX 434.10 and a twelve month high of GBX 920. The stock’s 50 day moving average price is GBX 486.82 and its 200-day moving average price is GBX 543. The company has a market capitalization of £3.56 billion, a PE ratio of 13.10, a PEG ratio of 3.99 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 50.60.

Auto Trader Group (LON:AUTO) last announced its earnings results on Thursday, May 21st. The company reported GBX 34.17 earnings per share for the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%.The firm had revenue of £624.30 million for the quarter. On average, equities analysts anticipate that Auto Trader Group will post 32.7973074 EPS for the current year.

Insider Activity at Auto Trader Group

In other news, insider Matt Davies acquired 5,532 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of GBX 452 per share, for a total transaction of £25,004.64. Also, insider Amanda James acquired 5,477 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of GBX 454 per share, for a total transaction of £24,865.58. 3.31% of the stock is currently 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.