Royal Bank Of Canada Has Lowered Expectations for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its target price cut by research analysts at Royal Bank Of Canada from GBX 830 to GBX 535 in a research note issued to investors on Friday,Digital Look reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 7.67% from the company’s current price.

A number of other research analysts have also recently issued reports on AUTO. JPMorgan Chase & Co. cut their price objective on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating for the company in a report on Friday, May 22nd. Berenberg Bank reduced their price objective on Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. UBS Group restated a “sell” rating and set a GBX 470 target price on shares of Auto Trader Group in a report on Monday, May 18th. Citigroup lowered their target price on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating for the company in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of GBX 550.33.

Auto Trader Group Stock Down 3.8%

Auto Trader Group stock opened at GBX 496.90 on Friday. The company has a debt-to-equity ratio of 50.60, a quick ratio of 1.50 and a current ratio of 1.73. The firm has a market capitalization of £3.91 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. The stock’s fifty day moving average is GBX 480.73 and its two-hundred day moving average is GBX 498.40. Auto Trader Group has a fifty-two week low of GBX 418.60 and a fifty-two week high of GBX 844.40.

Auto Trader Group (LON:AUTO) last posted its quarterly earnings results on Thursday, May 21st. The company reported GBX 34.17 earnings per share for the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%.The firm had revenue of £624.30 million for the quarter. Analysts predict that Auto Trader Group will post 32.7973074 EPS for the current fiscal year.

Insider Buying and Selling

In other Auto Trader Group news, insider Megan Quinn bought 10,900 shares of the stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of GBX 462 per share, with a total value of £50,358. Also, insider Geeta Gopalan purchased 5,521 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of GBX 453 per share, for a total transaction of £25,010.13. In the last three months, insiders acquired 69,952 shares of company stock worth $31,918,459. 3.42% of the stock is currently owned by company insiders.

About Auto Trader Group

Autotrader Group plc is the UK’s largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index.

Autotrader’s purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.