Auto Trader Group’s (AUTO) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their hold rating on shares of Auto Trader Group (LON:AUTO) in a report published on Thursday morning, MarketBeat.com reports. The firm currently has a GBX 830 ($11.17) target price on the stock.

Separately, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 746 ($10.04) price target on shares of Auto Trader Group in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 864.25 ($11.63).

Auto Trader Group Trading Down 1.3%

LON AUTO opened at GBX 788.59 ($10.61) on Thursday. The company’s 50-day moving average price is GBX 814.03 and its 200-day moving average price is GBX 798.15. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The stock has a market cap of £6.96 billion, a PE ratio of 27.95, a PEG ratio of 3.99 and a beta of 0.78. Auto Trader Group has a 12 month low of GBX 706 ($9.50) and a 12 month high of GBX 920 ($12.38).

Auto Trader Group (LON:AUTO) last released its quarterly earnings data on Thursday, May 29th. The company reported GBX 31.66 ($0.43) earnings per share for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.03%. Equities research analysts forecast that Auto Trader Group will post 32.7973074 earnings per share for the current year.

Insider Buying and Selling at Auto Trader Group

In related news, insider Nathan Coe sold 2,083,252 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of GBX 386 ($5.19), for a total value of £8,041,352.72 ($10,819,904.09). Insiders own 1.04% of the company’s stock.

About Auto Trader Group

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.