Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Auto Trader Group (LON:AUTO)

Auto Trader Group (LON:AUTO)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 794 target price on the stock. Deutsche Bank Aktiengesellschaft‘s price objective would suggest a potential upside of 44.47% from the stock’s previous close.

A number of other brokerages have also commented on AUTO. Royal Bank Of Canada dropped their price target on Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Jefferies Financial Group restated a “buy” rating and issued a GBX 640 price objective on shares of Auto Trader Group in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on Auto Trader Group from GBX 445 to GBX 440 and set an “underweight” rating for the company in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 559.29.

Auto Trader Group Price Performance

Auto Trader Group stock opened at GBX 549.60 on Friday. Auto Trader Group has a 52 week low of GBX 418.60 and a 52 week high of GBX 798.20. The company’s 50 day moving average price is GBX 504.42 and its two-hundred day moving average price is GBX 497.40. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 51.83. The stock has a market cap of £4.22 billion, a P/E ratio of 16.13, a P/E/G ratio of 3.99 and a beta of 0.72.

Auto Trader Group (LON:AUTO) last announced its earnings results on Thursday, November 5th. The company reported GBX 18.10 earnings per share for the quarter. The firm had revenue of £313.40 million for the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%. On average, equities analysts predict that Auto Trader Group will post 32.80 earnings per share for the current year.

About Auto Trader Group

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.