Royal Bank Of Canada Cuts Auto Trader Group (LON:AUTO) Price Target to GBX 535

Auto Trader Group (LON:AUTO) had its price target cut by Royal Bank Of Canada from GBX 830 to GBX 535 in a research note released on Friday morning,Digital Look reports. They currently have a sector perform rating on the stock.

Several other brokerages have also commented on AUTO. UBS Group restated a “sell” rating and issued a GBX 470 price target on shares of Auto Trader Group in a research note on Monday, May 18th. Berenberg Bank reduced their price objective on Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating for the company in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating for the company in a report on Friday, March 27th. Citigroup lowered their target price on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. cut their target price on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research note on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of GBX 550.33.

Auto Trader Group Price Performance

Auto Trader Group stock opened at GBX 496.90 on Friday. The company has a debt-to-equity ratio of 50.60, a quick ratio of 1.50 and a current ratio of 1.73. Auto Trader Group has a one year low of GBX 418.60 and a one year high of GBX 844.40. The company has a 50-day simple moving average of GBX 480.73 and a 200-day simple moving average of GBX 497.79. The firm has a market capitalization of £3.91 billion, a P/E ratio of 14.58, a P/E/G ratio of 3.99 and a beta of 0.69.

Auto Trader Group (LON:AUTO) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 earnings per share for the quarter. The firm had revenue of £624.30 million for the quarter. Auto Trader Group had a net margin of 47.08% and a return on equity of 60.53%. As a group, equities analysts expect that Auto Trader Group will post 32.7973074 earnings per share for the current year.

Insider Transactions at Auto Trader Group

In related news, insider Megan Quinn purchased 10,900 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of GBX 462 per share, for a total transaction of £50,358. Also, insider Adam Jay purchased 10,846 shares of Auto Trader Group stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of GBX 459 per share, with a total value of £49,783.14. Insiders have purchased a total of 69,952 shares of company stock worth $31,918,459 over the last ninety days. Insiders own 3.42% of the company’s stock.

Auto Trader Group Company Profile

Autotrader Group plc is the UK’s largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index.

Autotrader’s purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.