Auto Trader Group PLC (AUTO) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Auto Trader Group PLC (LON:AUTO) have been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 444.15 ($5.99).
A number of equities analysts have recently issued reports on AUTO shares. Barclays PLC lowered their target price on shares of Auto Trader Group PLC from GBX 470 ($6.34) to GBX 465 ($6.27) and set an “overweight” rating on the stock in a research report on Wednesday, June 21st. Shore Capital started coverage on shares of Auto Trader Group PLC in a research report on Thursday, July 13th. They set a “hold” rating on the stock. Liberum Capital restated a “buy” rating and set a GBX 530 ($7.15) target price on shares of Auto Trader Group PLC in a research report on Monday, July 3rd. Berenberg Bank restated a “sell” rating and set a GBX 350 ($4.72) target price on shares of Auto Trader Group PLC in a research report on Friday, June 30th. Finally, Macquarie restated an “underperform” rating and set a GBX 360 ($4.85) target price on shares of Auto Trader Group PLC in a research report on Thursday, July 6th.
Shares of Auto Trader Group PLC (LON AUTO) opened at 372.00 on Wednesday. The firm’s 50-day moving average is GBX 359.08 and its 200 day moving average is GBX 385.66. Auto Trader Group PLC has a 52 week low of GBX 337.30 and a 52 week high of GBX 445.00. The firm’s market capitalization is GBX 3.62 billion.
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About Auto Trader Group PLC
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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