Auto Trader Group PLC (LON:AUTO) Price Target Cut to GBX 390

Auto Trader Group PLC (LON:AUTO) had its price objective trimmed by Deutsche Bank AG from GBX 435 ($5.72) to GBX 390 ($5.13) in a research note published on Tuesday, October 24th. The firm currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. Liberum Capital reiterated a buy rating and issued a GBX 530 ($6.97) price objective on shares of Auto Trader Group PLC in a report on Monday, July 3rd. Numis Securities Ltd reiterated a buy rating and issued a GBX 520 ($6.84) price objective on shares of Auto Trader Group PLC in a report on Friday, September 1st. Shore Capital initiated coverage on Auto Trader Group PLC in a report on Thursday, July 13th. They issued a hold rating for the company. Barclays PLC restated an overweight rating on shares of Auto Trader Group PLC in a report on Wednesday, October 18th. Finally, Berenberg Bank restated a sell rating and issued a GBX 350 ($4.60) price target on shares of Auto Trader Group PLC in a report on Friday, June 30th. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Auto Trader Group PLC currently has a consensus rating of Hold and a consensus target price of GBX 434.86 ($5.72).

Auto Trader Group PLC (LON AUTO) traded down GBX 2.70 ($0.04) during midday trading on Tuesday, reaching GBX 332.40 ($4.37). The company had a trading volume of 7,849,293 shares, compared to its average volume of 4,440,000. Auto Trader Group PLC has a fifty-two week low of GBX 329.40 ($4.33) and a fifty-two week high of GBX 445 ($5.85).

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The company also recently disclosed a dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, January 4th will be issued a dividend of GBX 1.90 ($0.02) per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a dividend yield of 0.57%.

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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