Auto Trader Group (LON:AUTO) Upgraded to Buy at HSBC

Auto Trader Group (LON:AUTO) was upgraded by investment analysts at HSBC to a “buy” rating in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 675 ($8.88) price objective on the stock, up from their prior price objective of GBX 535 ($7.04). HSBC’s price objective points to a potential upside of 17.80% from the company’s previous close.

Several other research firms have also recently commented on AUTO. Royal Bank of Canada upped their price target on Auto Trader Group from GBX 485 ($6.38) to GBX 530 ($6.97) and gave the company a “sector performer” rating in a report on Friday, November 8th. UBS Group raised Auto Trader Group to a “neutral” rating and upped their price target for the company from GBX 510 ($6.71) to GBX 560 ($7.37) in a report on Tuesday, December 3rd. Shore Capital reaffirmed a “hold” rating on shares of Auto Trader Group in a report on Monday, November 4th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 570 ($7.50) price target on shares of Auto Trader Group in a report on Thursday, November 7th. Finally, Liberum Capital reissued a “buy” rating on shares of Auto Trader Group in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 560.93 ($7.38).

Auto Trader Group stock opened at GBX 573 ($7.54) on Friday. The business has a 50 day moving average price of GBX 549.68 and a two-hundred day moving average price of GBX 544.33. The company has a quick ratio of 1.94, a current ratio of 2.01 and a debt-to-equity ratio of 351.73. The stock has a market cap of $4.95 billion and a price-to-earnings ratio of 25.70. Auto Trader Group has a 12 month low of GBX 419.30 ($5.52) and a 12 month high of GBX 606.80 ($7.98).

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.

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Analyst Recommendations for Auto Trader Group (LON:AUTO)

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