Liberum Capital reissued their buy rating on shares of Auto Trader Group (LON:AUTO) in a report published on Tuesday morning. Liberum Capital currently has a GBX 480 ($6.46) price objective on the stock.
A number of other research firms have also commented on AUTO. Deutsche Bank reaffirmed a hold rating on shares of Auto Trader Group in a research note on Wednesday, October 11th. reaffirmed a buy rating and set a GBX 520 ($7.00) price objective on shares of Auto Trader Group in a research note on Monday, November 13th. Shore Capital reaffirmed a hold rating on shares of Auto Trader Group in a research note on Friday, November 3rd. J P Morgan Chase & Co decreased their price objective on Auto Trader Group from GBX 353 ($4.75) to GBX 323 ($4.35) and set an underweight rating on the stock in a research note on Friday, November 17th. Finally, Credit Suisse Group decreased their price objective on Auto Trader Group from GBX 360 ($4.85) to GBX 330 ($4.44) and set an underperform rating on the stock in a research note on Friday, October 27th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 416.17 ($5.60).
Auto Trader Group (LON:AUTO) opened at GBX 352.10 ($4.74) on Tuesday. Auto Trader Group has a 52-week low of GBX 313 ($4.21) and a 52-week high of GBX 445 ($5.99). The firm has a market capitalization of $3,340.00 and a price-to-earnings ratio of 2,071.18.
The business also recently announced a dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, January 4th will be issued a dividend of GBX 1.90 ($0.03) per share. The ex-dividend date is Thursday, January 4th. This represents a dividend yield of 0.57%.
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About Auto Trader Group
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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