Auto Trader Group PLC (AUTO) Price Target Lowered to GBX 330 at Credit Suisse Group

Auto Trader Group PLC (LON:AUTO) had its price target cut by Credit Suisse Group from GBX 360 ($4.75) to GBX 330 ($4.35) in a research report sent to investors on Friday morning. They currently have an underperform rating on the stock.

AUTO has been the subject of a number of other research reports. Liberum Capital reissued a buy rating and issued a GBX 530 ($6.99) target price on shares of Auto Trader Group PLC in a report on Monday, July 3rd. Numis Securities Ltd reissued a buy rating and issued a GBX 520 ($6.86) target price on shares of Auto Trader Group PLC in a report on Friday, September 1st. Macquarie reissued an underperform rating and issued a GBX 360 ($4.75) target price on shares of Auto Trader Group PLC in a report on Thursday, July 6th. Barclays PLC reissued an overweight rating on shares of Auto Trader Group PLC in a report on Wednesday, October 18th. Finally, Shore Capital began coverage on shares of Auto Trader Group PLC in a report on Thursday, July 13th. They issued a hold rating for the company. Five analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 438.38 ($5.78).

Shares of Auto Trader Group PLC (LON:AUTO) traded down 2.61% during trading on Friday, hitting GBX 343.00. 5,976,886 shares of the company’s stock were exchanged. The stock’s market cap is GBX 3.34 billion. The stock’s 50-day moving average price is GBX 369.68 and its 200-day moving average price is GBX 382.44. Auto Trader Group PLC has a 1-year low of GBX 337.30 and a 1-year high of GBX 445.00.

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Auto Trader Group PLC Company Profile

Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.

Analyst Recommendations for Auto Trader Group PLC (LON:AUTO)

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