Auto Trader Group plc (LON:AUTO) Given Average Recommendation of “Reduce” by Brokerages

Shares of Auto Trader Group plc (LON:AUTO) have earned an average recommendation of “Reduce” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 550.33.

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research report on Friday, May 22nd. Citigroup cut their price objective on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada reduced their price objective on Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. UBS Group reiterated a “sell” rating and issued a GBX 470 target price on shares of Auto Trader Group in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a report on Friday, March 27th.

Insider Transactions at Auto Trader Group

In other news, insider Jasvinder Gakhal acquired 5,554 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of GBX 448 per share, with a total value of £24,881.92. Also, insider Matt Davies acquired 5,102 shares of the company’s stock in a transaction on Monday, June 29th. The stock was purchased at an average cost of GBX 490 per share, for a total transaction of £24,999.80. Insiders have acquired 69,952 shares of company stock valued at $31,918,459 over the last quarter. Insiders own 3.42% of the company’s stock.

Auto Trader Group Stock Performance

AUTO opened at GBX 490 on Friday. Auto Trader Group has a 52 week low of GBX 418.60 and a 52 week high of GBX 844.40. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 50.60. The business has a fifty day simple moving average of GBX 480.51 and a 200-day simple moving average of GBX 496.52. The firm has a market cap of £3.86 billion, a P/E ratio of 14.38, a P/E/G ratio of 3.99 and a beta of 0.69.

Auto Trader Group (LON:AUTO) last posted its earnings results on Thursday, May 21st. The company reported GBX 34.17 earnings per share (EPS) 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. On average, equities analysts expect that Auto Trader Group will post 32.7973074 earnings per share for the current year.

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.