Auto Trader Group PLC (AUTO) Receives Buy Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Auto Trader Group PLC (LON:AUTO) in a research report report published on Tuesday, May 16th. They currently have a GBX 530 ($6.70) price objective on the stock.

Other analysts have also recently issued reports about the company. Credit Suisse Group reiterated an underperform rating and issued a GBX 360 ($4.55) target price on shares of Auto Trader Group PLC in a report on Wednesday, April 19th. Deutsche Bank AG increased their price target on Auto Trader Group PLC from GBX 400 ($5.06) to GBX 435 ($5.50) and gave the stock a hold rating in a report on Friday, March 31st. Barclays PLC increased their price target on Auto Trader Group PLC from GBX 415 ($5.25) to GBX 425 ($5.38) and gave the company an equal weight rating in a research report on Wednesday, January 25th. Finally, BNP Paribas downgraded Auto Trader Group PLC to a sell rating and set a GBX 490 ($6.20) price target for the company. in a research note on Monday, January 16th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 454.79 ($5.75).

Shares of Auto Trader Group PLC (LON:AUTO) opened at 400.00 on Tuesday. The company has a 50 day moving average of GBX 413.12 and a 200-day moving average of GBX 401.10. The company’s market capitalization is GBX 3.90 billion. Auto Trader Group PLC has a 12-month low of GBX 307.80 and a 12-month high of GBX 445.00.

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The company also recently declared a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date is Thursday, August 31st. This is a positive change from Auto Trader Group PLC’s previous dividend of $1.70. This represents a yield of 0.84%.

About Auto Trader Group PLC

Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.

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