Auto Trader Group PLC (AUTO) Now Covered by Shore Capital

Analysts at Shore Capital began coverage on shares of Auto Trader Group PLC (LON:AUTO) in a report issued on Thursday. The firm set a “hold” rating on the stock.

AUTO has been the topic of a number of other reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 530 ($6.87) target price on shares of Auto Trader Group PLC in a report on Wednesday, March 22nd. Deutsche Bank AG lifted their target price on shares of Auto Trader Group PLC from GBX 400 ($5.18) to GBX 435 ($5.63) and gave the company a “hold” rating in a report on Friday, March 31st. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 360 ($4.66) target price on shares of Auto Trader Group PLC in a report on Wednesday, April 19th. Berenberg Bank assumed coverage on shares of Auto Trader Group PLC in a report on Wednesday, May 17th. They issued a “sell” rating and a GBX 350 ($4.53) target price on the stock. Finally, Barclays PLC raised shares of Auto Trader Group PLC to an “overweight” rating and lifted their target price for the company from GBX 425 ($5.51) to GBX 470 ($6.09) in a report on Thursday, June 1st. Five analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Auto Trader Group PLC has an average rating of “Hold” and an average target price of GBX 448.14 ($5.80).

Shares of Auto Trader Group PLC (AUTO) opened at 363.60 on Thursday. The stock has a 50 day moving average of GBX 407.28 and a 200 day moving average of GBX 400.32. Auto Trader Group PLC has a 12-month low of GBX 344.20 and a 12-month high of GBX 445.00. The stock’s market capitalization is GBX 3.54 billion.

The company also recently disclosed a dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a GBX 3.50 ($0.05) dividend. This represents a yield of 0.84%. This is a positive change from Auto Trader Group PLC’s previous dividend of $1.70. The ex-dividend date is Thursday, August 31st.

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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.

Analyst Recommendations for Auto Trader Group PLC (LON:AUTO)

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