Auto Trader Group (LON:AUTO) was downgraded by UBS Group to a “neutral” rating in a report released on Monday, ThisIsMoney.Co.Uk reports. They presently have a GBX 525 ($6.46) target price on the stock, up from their previous target price of GBX 510 ($6.28). UBS Group’s price target would indicate a potential downside of 1.87% from the company’s previous close.
A number of other research firms have also recently commented on AUTO. Morgan Stanley cut their price target on shares of Auto Trader Group from GBX 600 ($7.38) to GBX 570 ($7.01) and set an “overweight” rating on the stock in a report on Monday, May 25th. Liberum Capital reiterated a “buy” rating on shares of Auto Trader Group in a report on Wednesday, April 1st. Jefferies Financial Group reiterated a “hold” rating on shares of Auto Trader Group in a report on Friday, June 26th. Goldman Sachs Group dropped their target price on shares of Auto Trader Group from GBX 653 ($8.04) to GBX 557 ($6.85) and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Auto Trader Group from GBX 368 ($4.53) to GBX 348 ($4.28) and set an “underweight” rating on the stock in a report on Monday, May 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 526.07 ($6.47).
LON AUTO opened at GBX 535 ($6.58) on Monday. The company’s 50-day moving average price is GBX 532.32 and its 200-day moving average price is GBX 518.45. The company has a current ratio of 2.01, a quick ratio of 1.94 and a debt-to-equity ratio of 351.73. The stock has a market cap of $5.28 billion and a PE ratio of 23.99. Auto Trader Group has a 12 month low of GBX 308.60 ($3.80) and a 12 month high of GBX 747 ($9.19).
Auto Trader Group Company Profile
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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