Auto Trader Group (LON:AUTO) had its target price increased by analysts at Goldman Sachs Group from GBX 377.50 ($4.93) to GBX 428 ($5.59) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s target price indicates a potential downside of 0.35% from the company’s current price.
Several other equities analysts also recently issued reports on the stock. Peel Hunt restated an “add” rating on shares of Auto Trader Group in a research note on Thursday, August 16th. Shore Capital restated a “hold” rating on shares of Auto Trader Group in a research note on Thursday, August 16th. Credit Suisse Group restated an “underperform” rating on shares of Auto Trader Group in a research note on Thursday, August 23rd. UBS Group downgraded shares of Auto Trader Group to a “neutral” rating and upped their price objective for the company from GBX 425 ($5.55) to GBX 445 ($5.81) in a research note on Tuesday, September 4th. Finally, Barclays downgraded shares of Auto Trader Group to an “equal weight” rating and upped their price objective for the company from GBX 435 ($5.68) to GBX 460 ($6.01) in a research note on Tuesday, September 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Auto Trader Group has an average rating of “Hold” and a consensus target price of GBX 424.92 ($5.55).
LON:AUTO opened at GBX 429.50 ($5.61) on Tuesday. Auto Trader Group has a 12 month low of GBX 313 ($4.09) and a 12 month high of GBX 445 ($5.81).
In other news, insider Trevor Mather sold 48,753 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of GBX 433 ($5.66), for a total transaction of £211,100.49 ($275,840.18).
About Auto Trader Group
Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.
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