Auto Trader Group (OTCMKTS:ATDRY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Auto Trader Group (OTCMKTS:ATDRY) from a buy rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Auto Trader Group plc provides digital automotive marketplace. It offers buy and sell of vehicles, such as cars, trucks and vans. Auto Trader Group plc is headquartered in Manchester, United Kingdom. “

Several other equities research analysts also recently commented on ATDRY. Royal Bank of Canada reissued a sector perform rating on shares of Auto Trader Group in a research report on Friday, June 11th. Berenberg Bank reissued a hold rating on shares of Auto Trader Group in a research report on Wednesday, June 16th. Oddo Bhf started coverage on shares of Auto Trader Group in a research report on Wednesday, June 9th. They set a neutral rating for the company. Barclays reissued an equal weight rating on shares of Auto Trader Group in a research report on Friday, June 11th. Finally, HSBC reissued a buy rating on shares of Auto Trader Group in a research report on Tuesday, June 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Auto Trader Group presently has an average rating of Hold and an average price target of $2.50.

Shares of OTCMKTS ATDRY opened at $2.18 on Tuesday. The firm’s 50-day moving average price is $2.24 and its 200-day moving average price is $2.12. Auto Trader Group has a 1-year low of $1.71 and a 1-year high of $2.34. The firm has a market capitalization of $8.35 billion, a P/E ratio of 54.50 and a beta of 0.79.

Auto Trader Group Company Profile

Auto Trader Group Plc engages in the digital automotive business. It offers online procurement site for automotive. The firm sells cars, bikes, vans, motor homes, caravans, and trucks. It also offers automotive insurance products. It operates through the following segments: Trade, Consumer Services, and Manufacturer and Agency.

Featured Story: The Role of a Fiduciary and Individual Investors

Get a free copy of the Zacks research report on Auto Trader Group (ATDRY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Auto Trader Group (OTCMKTS:ATDRY)

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.