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

Auto Trader Group plc (LON:AUTO) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 614.85 and traded as low as GBX 569.20. Auto Trader Group shares last traded at GBX 574.28, with a volume of 2,014,998 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AUTO shares. JPMorgan Chase & Co. reduced their price objective on Auto Trader Group from GBX 635 to GBX 630 and set an “underweight” rating for the company in a research note on Monday, January 12th. Berenberg Bank reduced their price target on shares of Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating for the company in a research report on Friday, January 9th. Finally, Citigroup decreased their price target on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating for the company in a research note on Friday, November 28th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Auto Trader Group presently has an average rating of “Hold” and a consensus price target of GBX 725.

Auto Trader Group Stock Up 0.5%

The company has a market cap of £4.75 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50. The company has a 50 day moving average of GBX 608.60 and a 200-day moving average of GBX 732.39.

Auto Trader Group (LON:AUTO) last posted its quarterly earnings data on Thursday, November 6th. The company reported GBX 17.26 earnings per share for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.03%. On average, equities analysts predict that Auto Trader Group plc will post 32.7973074 earnings per share for the current year.

About Auto Trader Group

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.