Auto Trader Group (LON:AUTO) had its price target cut by Credit Suisse Group from GBX 440 ($5.41) to GBX 430 ($5.29) in a research report issued on Monday, Stock Target Advisor reports. The brokerage presently has an “underperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential downside of 19.63% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Barclays boosted their target price on shares of Auto Trader Group from GBX 440 ($5.41) to GBX 490 ($6.03) and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Goldman Sachs Group decreased their target price on shares of Auto Trader Group from GBX 653 ($8.04) to GBX 557 ($6.85) and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Peel Hunt reaffirmed a “buy” rating on shares of Auto Trader Group in a research note on Thursday, June 25th. HSBC cut shares of Auto Trader Group to a “hold” rating and decreased their target price for the stock from GBX 675 ($8.31) to GBX 410 ($5.05) in a research note on Thursday, March 26th. Finally, Deutsche Bank reissued a “buy” rating on shares of Auto Trader Group in a research note on Friday, June 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Auto Trader Group currently has an average rating of “Hold” and an average target price of GBX 526.07 ($6.47).
LON AUTO opened at GBX 535 ($6.58) on Monday. The firm’s fifty day moving average price is GBX 532.32 and its two-hundred day moving average price is GBX 518.45. The stock has a market cap of $5.28 billion and a PE ratio of 23.99. Auto Trader Group has a fifty-two week low of GBX 308.60 ($3.80) and a fifty-two week high of GBX 747 ($9.19). The company has a debt-to-equity ratio of 351.73, a quick ratio of 1.94 and a current ratio of 2.01.
Auto Trader Group Company Profile
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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