JPMorgan Chase & Co. Has Lowered Expectations for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its target price decreased by analysts at JPMorgan Chase & Co. from GBX 630 to GBX 515 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 7.47% from the stock’s current price.

Several other research firms have also issued reports on AUTO. Berenberg Bank lowered their target price on shares of Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating for the company in a report on Friday, January 9th. Citigroup cut their price target on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating on the stock in a report on Friday, November 28th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 686.67.

Auto Trader Group Stock Down 0.3%

LON AUTO opened at GBX 479.20 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.77 and a debt-to-equity ratio of 10.48. Auto Trader Group has a 52 week low of GBX 454.54 and a 52 week high of GBX 920. The firm has a market capitalization of £3.98 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 3.99 and a beta of 0.71. The company has a fifty day moving average of GBX 506.87 and a two-hundred day moving average of GBX 637.32.

Auto Trader Group Company Profile

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.