Auto Trader Group (AUTO) Earns Buy Rating from Numis Securities

Auto Trader Group (LON:AUTO)‘s stock had its “buy” rating reissued by Numis Securities in a report released on Thursday. They currently have a GBX 520 ($7.30) target price on the stock. Numis Securities’ target price points to a potential upside of 45.01% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Liberum Capital reiterated a “buy” rating and set a GBX 480 ($6.74) price target on shares of Auto Trader Group in a research report on Thursday. Barclays reduced their price target on Auto Trader Group from GBX 425 ($5.97) to GBX 415 ($5.83) and set an “overweight” rating for the company in a research report on Monday. Deutsche Bank reiterated a “hold” rating and set a GBX 370 ($5.20) price target on shares of Auto Trader Group in a research report on Thursday, January 25th. Goldman Sachs Group cut Auto Trader Group to a “neutral” rating and reduced their price target for the company from GBX 468 ($6.57) to GBX 370 ($5.20) in a research report on Tuesday, January 23rd. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 400 ($5.62) price target on shares of Auto Trader Group in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 403.12 ($5.66).

Shares of Auto Trader Group (AUTO) traded down GBX 1.50 ($0.02) during mid-day trading on Thursday, reaching GBX 358.60 ($5.04). The company had a trading volume of 1,281,335 shares, compared to its average volume of 2,620,000. The company has a market capitalization of $3,430.00 and a P/E ratio of 2,109.41. Auto Trader Group has a 12 month low of GBX 313 ($4.40) and a 12 month high of GBX 445 ($6.25).

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About Auto Trader Group

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.

Analyst Recommendations for Auto Trader Group (LON:AUTO)

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