Auto Trader Group (LON:AUTO) Given “Buy” Rating at Citigroup

Auto Trader Group (LON:AUTO)‘s stock had its “buy” rating reissued by analysts at Citigroup in a note issued to investors on Friday, March 16th. They currently have a GBX 450 ($6.32) price target on the stock. Citigroup’s price target would suggest a potential upside of 29.65% from the stock’s current price.

Several other brokerages have also recently commented on AUTO. Liberum Capital reaffirmed a “buy” rating and set a GBX 480 ($6.74) price target on shares of Auto Trader Group in a research report on Thursday, March 15th. Peel Hunt reaffirmed a “buy” rating and set a GBX 400 ($5.61) price target on shares of Auto Trader Group in a research report on Monday, March 5th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 330 ($4.63) price target on shares of Auto Trader Group in a research report on Monday, February 26th. Numis Securities reaffirmed a “buy” rating and set a GBX 520 ($7.30) price target on shares of Auto Trader Group in a research report on Thursday, February 1st. Finally, Deutsche Bank reissued a “hold” rating on shares of Auto Trader Group in a report on Friday, March 16th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 407.71 ($5.72).

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Shares of AUTO stock traded down GBX 1.80 ($0.03) during trading hours on Friday, hitting GBX 347.10 ($4.87). 2,788,877 shares of the company were exchanged, compared to its average volume of 5,830,000. Auto Trader Group has a one year low of GBX 313 ($4.39) and a one year high of GBX 445 ($6.25).

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Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers products and services to retailers and home traders to support its online activities. The company provides vehicle advertisement on its Websites for private sellers; and display advertising on its Websites for manufacturers and their advertising agencies, as well as insurance and loan financing products to consumers.

Analyst Recommendations for Auto Trader Group (LON:AUTO)

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