Auto Trader Group (LON:AUTO) had its price objective decreased by Barclays from GBX 425 ($5.97) to GBX 415 ($5.83) in a research note released on Monday morning. Barclays currently has an overweight rating on the stock.
Several other analysts also recently issued reports on the company. Deutsche Bank reissued a hold rating and issued a GBX 370 ($5.20) price target on shares of Auto Trader Group in a report on Thursday, January 25th. Goldman Sachs Group downgraded Auto Trader Group to a neutral rating and cut their price target for the stock from GBX 468 ($6.57) to GBX 370 ($5.20) in a report on Tuesday, January 23rd. Peel Hunt reissued a buy rating and issued a GBX 400 ($5.62) price target on shares of Auto Trader Group in a report on Wednesday, January 17th. Liberum Capital reissued a buy rating and issued a GBX 480 ($6.74) price target on shares of Auto Trader Group in a report on Monday, January 15th. Finally, Jefferies Group cut their price target on Auto Trader Group from GBX 520 ($7.30) to GBX 360 ($5.06) and set a buy rating on the stock in a report on Monday, November 27th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Auto Trader Group has a consensus rating of Hold and a consensus target price of GBX 403.12 ($5.66).
Shares of Auto Trader Group (LON AUTO) opened at GBX 360.10 ($5.06) on Monday. The stock has a market capitalization of $3,450.00 and a P/E ratio of 2,118.24. Auto Trader Group has a 1-year low of GBX 313 ($4.40) and a 1-year high of GBX 445 ($6.25).
The firm also recently announced a dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, January 4th were paid a dividend of GBX 1.90 ($0.03) per share. This represents a yield of 0.57%. The ex-dividend date was Thursday, January 4th.
COPYRIGHT VIOLATION NOTICE: “Barclays Trims Auto Trader Group (AUTO) Target Price to GBX 415” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/01/barclays-trims-auto-trader-group-auto-target-price-to-gbx-415.html.
About Auto Trader Group
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.
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.