Deutsche Bank AG Lowers Auto Trader Group PLC (AUTO) Price Target to GBX 390
Auto Trader Group PLC (LON:AUTO) had its price target reduced by equities research analysts at Deutsche Bank AG from GBX 435 ($5.74) to GBX 390 ($5.15) in a research note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price target suggests a potential upside of 7.76% from the stock’s previous close.
A number of other brokerages also recently weighed in on AUTO. Barclays PLC reiterated an “overweight” rating on shares of Auto Trader Group PLC in a report on Wednesday, October 4th. Macquarie reiterated an “underperform” rating and issued a GBX 360 ($4.75) target price on shares of Auto Trader Group PLC in a report on Thursday, July 6th. Liberum Capital reiterated a “buy” rating and issued a GBX 530 ($6.99) target price on shares of Auto Trader Group PLC in a report on Monday, July 3rd. Berenberg Bank reiterated a “sell” rating and issued a GBX 350 ($4.62) target price on shares of Auto Trader Group PLC in a report on Friday, June 30th. Finally, Shore Capital began coverage on Auto Trader Group PLC in a report on Thursday, July 13th. They issued a “hold” rating for the company. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 440.69 ($5.82).
Auto Trader Group PLC (LON AUTO) opened at 360.1585 on Tuesday. Auto Trader Group PLC has a 12 month low of GBX 337.30 and a 12 month high of GBX 445.00. The firm’s market capitalization is GBX 3.51 billion. The company has a 50 day moving average price of GBX 370.39 and a 200 day moving average price of GBX 383.41.
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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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