Auto Trader Group PLC (LON:AUTO) Receives Average Rating of “Hold” from Analysts
Auto Trader Group PLC (LON:AUTO) has been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 448.14 ($5.91).
Several brokerages have weighed in on AUTO. Deutsche Bank AG reissued a “hold” rating and set a GBX 435 ($5.74) price objective on shares of Auto Trader Group PLC in a report on Friday, June 9th. Liberum Capital reissued a “buy” rating and set a GBX 530 ($6.99) price objective on shares of Auto Trader Group PLC in a report on Tuesday, May 16th. Credit Suisse Group reissued an “underperform” rating and set a GBX 360 ($4.75) price objective on shares of Auto Trader Group PLC in a report on Friday, June 9th. Numis Securities Ltd reissued a “buy” rating and set a GBX 520 ($6.86) price objective on shares of Auto Trader Group PLC in a report on Wednesday, June 14th. Finally, Barclays PLC raised Auto Trader Group PLC to an “overweight” rating and boosted their price objective for the stock from GBX 425 ($5.61) to GBX 470 ($6.20) in a report on Thursday, June 1st.
Auto Trader Group PLC (LON AUTO) opened at 382.20 on Tuesday. The company’s market cap is GBX 3.72 billion. The stock’s 50 day moving average is GBX 381.10 and its 200 day moving average is GBX 396.11. Auto Trader Group PLC has a 52-week low of GBX 344.60 and a 52-week high of GBX 445.00.
The business also recently announced a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of GBX 3.50 ($0.05) per share. This is a positive change from Auto Trader Group PLC’s previous dividend of $1.70. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 31st.
Auto Trader Group PLC Company Profile
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.
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