Auto Trader Group PLC (AUTO) Given Average Recommendation of “Buy” by Brokerages
Auto Trader Group PLC (LON:AUTO) has earned an average rating of “Buy” from the fourteen research firms that are currently covering the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 438.77 ($5.43).
Several research firms have recently weighed in on AUTO. Barclays PLC boosted their target price on shares of Auto Trader Group PLC from GBX 375 ($4.64) to GBX 390 ($4.83) and gave the stock an “equal weight” rating in a research report on Monday, October 3rd. Canaccord Genuity lifted their price target on shares of Auto Trader Group PLC from GBX 395 ($4.89) to GBX 456 ($5.64) and gave the company a “buy” rating in a report on Wednesday, September 28th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 495 ($6.13) price target on shares of Auto Trader Group PLC in a report on Tuesday, September 20th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 400 ($4.95) price target on shares of Auto Trader Group PLC in a report on Tuesday, September 13th. Finally, Bank of America Corp. initiated coverage on shares of Auto Trader Group PLC in a report on Friday, September 2nd. They issued a “buy” rating and a GBX 500 ($6.19) price target for the company.
Auto Trader Group PLC (LON:AUTO) traded down 0.42% on Thursday, reaching GBX 381.40. 3,893,781 shares of the company traded hands. 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 capitalization is GBX 3.81 billion. The company has a 50-day moving average price of GBX 394.68 and a 200-day moving average price of GBX 382.96.
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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