Deutsche Bank Aktiengesellschaft Cuts Auto Trader Group (LON:AUTO) Price Target to GBX 816

Auto Trader Group (LON:AUTO) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 850 to GBX 816 in a research report sent to investors on Friday morning, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other research firms have also recently weighed in on AUTO. Citigroup lowered their price objective on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating on the stock in a research report on Friday, November 28th. JPMorgan Chase & Co. reduced their target price on Auto Trader Group from GBX 630 to GBX 515 and set an “underweight” rating for the company in a report on Thursday, March 19th. Finally, Berenberg Bank decreased their target price on Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating for the company in a research report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 719.

Auto Trader Group Stock Performance

AUTO stock opened at GBX 447 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.50 and a debt-to-equity ratio of 10.48. The firm has a market cap of £3.71 billion, a P/E ratio of 13.44, a P/E/G ratio of 3.99 and a beta of 0.71. Auto Trader Group has a 12-month low of GBX 446.70 and a 12-month high of GBX 920. The stock’s 50 day simple moving average is GBX 495.02 and its 200 day simple moving average is GBX 623.37.

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.