Auto Trader Group (LON:AUTO) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Auto Trader Group plc (LON:AUTO) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 833.91 ($11.39) and traded as low as GBX 806 ($11.01). Auto Trader Group shares last traded at GBX 807.40 ($11.03), with a volume of 2,409,066 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AUTO. Berenberg Bank restated a “hold” rating and set a GBX 830 ($11.34) price objective on shares of Auto Trader Group in a research note on Thursday, May 29th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 746 ($10.19) price objective on shares of Auto Trader Group in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 864.25 ($11.81).

Auto Trader Group Price Performance

The company has a 50 day simple moving average of GBX 833.91 and a 200-day simple moving average of GBX 796.43. The stock has a market cap of £7.13 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 3.99 and a beta of 0.78. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26.

Auto Trader Group (LON:AUTO) last announced its quarterly earnings results on Thursday, May 29th. The company reported GBX 31.66 ($0.43) earnings per share for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. As a group, research analysts anticipate that Auto Trader Group plc will post 32.7973074 EPS for the current fiscal year.

Auto Trader Group Company Profile

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.