AUTO TRADER GRP/ADR (OTCMKTS:ATDRY) Cut to “Neutral” at UBS Group

UBS Group cut shares of AUTO TRADER GRP/ADR (OTCMKTS:ATDRY) from a buy rating to a neutral rating in a research report released on Monday, The Fly reports.

Several other research firms have also issued reports on ATDRY. Zacks Investment Research lowered AUTO TRADER GRP/ADR from a hold rating to a sell rating in a research note on Wednesday, June 24th. Deutsche Bank raised AUTO TRADER GRP/ADR from a hold rating to a buy rating in a research note on Tuesday, June 2nd. Barclays reaffirmed an equal weight rating on shares of AUTO TRADER GRP/ADR in a research note on Friday, June 26th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of AUTO TRADER GRP/ADR in a research note on Monday, May 4th. Finally, ValuEngine raised AUTO TRADER GRP/ADR from a sell rating to a hold rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. AUTO TRADER GRP/ADR presently has a consensus rating of Hold and an average target price of $2.00.

OTCMKTS:ATDRY remained flat at $$1.64 during trading hours on Monday. The company had a trading volume of 85,636 shares, compared to its average volume of 204,865. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 23.36 and a beta of 0.91. AUTO TRADER GRP/ADR has a 12 month low of $1.00 and a 12 month high of $2.00. The company has a 50 day moving average of $1.65 and a two-hundred day moving average of $1.64.

About AUTO TRADER GRP/ADR

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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