Auto Trader Group (AUTO) Earns Buy Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Auto Trader Group (LON:AUTO) in a report released on Wednesday. The brokerage currently has a GBX 400 ($5.42) price target on the stock.

Several other research firms also recently issued reports on AUTO. Deutsche Bank reaffirmed a hold rating on shares of Auto Trader Group in a research note on Wednesday, October 11th. reiterated a buy rating and issued a GBX 520 ($7.05) target price on shares of Auto Trader Group in a report on Monday, November 13th. Liberum Capital reiterated a buy rating and issued a GBX 480 ($6.51) target price on shares of Auto Trader Group in a report on Monday, January 15th. Shore Capital reiterated a hold rating on shares of Auto Trader Group in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Auto Trader Group from GBX 353 ($4.79) to GBX 323 ($4.38) and set an underweight rating on the stock in a report on Friday, November 17th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 408.31 ($5.54).

Auto Trader Group (LON:AUTO) opened at GBX 349.90 ($4.75) on Wednesday. Auto Trader Group has a 52 week low of GBX 313 ($4.24) and a 52 week high of GBX 445 ($6.03). The stock has a market capitalization of $3,350.00 and a P/E ratio of 2,058.24.

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

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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)

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