Auto Trader Group (LON:AUTO) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Auto Trader Group plc (LON:AUTO) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 575.17 and traded as low as GBX 473.32. Auto Trader Group shares last traded at GBX 485.80, with a volume of 4,373,163 shares traded.

Analysts Set New Price Targets

AUTO has been the topic of several recent analyst reports. Berenberg Bank dropped their target price on Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating on the stock in a research report on Friday, January 9th. Citigroup decreased their price target on Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Auto Trader Group in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 725.

Auto Trader Group Trading Up 0.2%

The business’s fifty day moving average price is GBX 575.17 and its 200 day moving average price is GBX 704.86. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26. The firm has a market capitalization of £4.08 billion, a PE ratio of 14.61, a P/E/G ratio of 3.99 and a beta of 0.78.

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.