Auto Trader Group (AUTO) PT Lowered to GBX 370

Auto Trader Group (LON:AUTO) had its price target trimmed by Deutsche Bank from GBX 390 ($5.25) to GBX 370 ($4.98) in a research note published on Monday, December 4th. The brokerage currently has a hold rating on the stock.

Several other analysts have also issued reports on AUTO. Numis Securities reiterated a buy rating and set a GBX 520 ($7.00) target price on shares of Auto Trader Group in a report on Friday, September 1st. Barclays restated an overweight rating and issued a GBX 465 ($6.26) price objective on shares of Auto Trader Group in a research note on Thursday, September 28th. Credit Suisse Group dropped their price objective on Auto Trader Group from GBX 360 ($4.85) to GBX 330 ($4.44) and set an underperform rating on the stock in a research note on Friday, October 27th. Shore Capital restated a hold rating on shares of Auto Trader Group in a research note on Friday, November 3rd. Finally, Liberum Capital restated a buy rating and issued a GBX 530 ($7.13) price objective on shares of Auto Trader Group in a research note on Tuesday, November 7th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Auto Trader Group currently has a consensus rating of Hold and a consensus price target of GBX 418.94 ($5.64).

Auto Trader Group (LON AUTO) opened at GBX 345.30 ($4.65) on Monday. Auto Trader Group has a 52-week low of GBX 313 ($4.21) and a 52-week high of GBX 445 ($5.99).

The business also recently declared a dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, January 4th will be given a dividend of GBX 1.90 ($0.03) per share. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, January 4th.

WARNING: “Auto Trader Group (AUTO) PT Lowered to GBX 370” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/13/auto-trader-group-auto-price-target-cut-to-gbx-370.html.

Auto Trader Group 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 (LON:AUTO)

Receive News & Ratings for Auto Trader Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auto Trader Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply