Auto Trader Group (LON:AUTO) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Auto Trader Group plc (LON:AUTO)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 497.74 and traded as low as GBX 461.60. Auto Trader Group shares last traded at GBX 462.60, with a volume of 11,092,615 shares traded.

Analyst Upgrades and Downgrades

AUTO has been the subject of several research reports. Citigroup decreased their price objective on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating for the company in a research note on Friday, November 28th. Berenberg Bank cut their price objective on shares of Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating on the stock in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Auto Trader Group from GBX 630 to GBX 515 and set an “underweight” rating for the company in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 686.67.

Auto Trader Group Stock Down 0.5%

The stock has a market cap of £3.84 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.99 and a beta of 0.71. The business’s 50 day moving average is GBX 497.74 and its 200-day moving average is GBX 628.37. The company has a debt-to-equity ratio of 10.48, a quick ratio of 1.50 and a current ratio of 1.77.

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.