Auto Trader Group PLC (LON:AUTO)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank AG in a report released on Friday. They currently have a GBX 390 ($5.13) price target on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 17.33% from the company’s previous close.
Several other brokerages have also recently commented on AUTO. Barclays PLC reiterated an “overweight” rating on shares of Auto Trader Group PLC in a report on Wednesday, October 4th. Shore Capital began coverage on Auto Trader Group PLC in a report on Thursday, July 13th. They issued a “hold” rating on the stock. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 520 ($6.84) target price on shares of Auto Trader Group PLC in a report on Friday, September 1st. Credit Suisse Group reduced their target price on Auto Trader Group PLC from GBX 360 ($4.73) to GBX 330 ($4.34) and set an “underperform” rating on the stock in a report on Friday, October 27th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 395 ($5.20) target price on shares of Auto Trader Group PLC in a report on Thursday. Six 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 target price of GBX 428.31 ($5.63).
Shares of Auto Trader Group PLC (LON AUTO) opened at GBX 332.40 ($4.37) on Friday. Auto Trader Group PLC has a twelve month low of GBX 329.40 ($4.33) and a twelve month high of GBX 445 ($5.85).
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About Auto Trader Group PLC
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.
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