Numis Securities Ltd Reiterates “Buy” Rating for Auto Trader Group PLC (AUTO)
Auto Trader Group PLC (LON:AUTO)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 495 ($6.46) price objective on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 21.92% from the company’s current price.
Several other brokerages also recently weighed in on AUTO. BNP Paribas lowered their target price on shares of Auto Trader Group PLC from GBX 440 ($5.74) to GBX 390 ($5.09) and set an “outperform” rating for the company in a research note on Friday, July 8th. Panmure Gordon initiated coverage on shares of Auto Trader Group PLC in a research note on Thursday, July 7th. They issued a “buy” rating and a GBX 417 ($5.44) target price for the company. Canaccord Genuity began coverage on shares of Auto Trader Group PLC in a research note on Thursday, July 7th. They issued a “buy” rating and a GBX 395 ($5.16) target price for the company. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 445 ($5.81) price target on shares of Auto Trader Group PLC in a report on Tuesday, August 16th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 445 ($5.81) price target on shares of Auto Trader Group PLC in a report on Friday, June 17th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 432.92 ($5.65).
Shares of Auto Trader Group PLC (LON:AUTO) opened at 405.40 on Tuesday. The stock’s 50 day moving average is GBX 388.43 and its 200-day moving average is GBX 379.79. Auto Trader Group PLC has a 12 month low of GBX 307.80 and a 12 month high of GBX 455.00. The company’s market cap is GBX 4.05 billion.
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In other news, insider Keens,David W purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The shares were bought at an average price of GBX 358 ($4.67) per share, for a total transaction of £89,500 ($116,825.48).
About Auto Trader Group PLC
Auto Trader Group plc is a United Kingdom-based digital automotive company. The Company is engaged in the business of buying and selling vehicles. The Company also has operations in Ireland.
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