Auto Trader Group (LON:AUTO) Receives “Buy” Rating from Liberum Capital

Liberum Capital reiterated their buy rating on shares of Auto Trader Group (LON:AUTO) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

Several other research firms also recently issued reports on AUTO. Citigroup downgraded shares of Auto Trader Group to a neutral rating and lifted their price target for the stock from GBX 494 ($6.45) to GBX 580 ($7.58) in a research note on Friday, May 10th. Peel Hunt reaffirmed a hold rating on shares of Auto Trader Group in a research note on Monday, July 8th. Berenberg Bank lifted their price target on shares of Auto Trader Group from GBX 400 ($5.23) to GBX 500 ($6.53) and gave the stock a hold rating in a research note on Friday, June 7th. Deutsche Bank lifted their price target on shares of Auto Trader Group from GBX 420 ($5.49) to GBX 525 ($6.86) and gave the stock a hold rating in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Auto Trader Group from GBX 386 ($5.04) to GBX 414 ($5.41) and gave the stock an underweight rating in a research note on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 531.77 ($6.95).

Auto Trader Group stock traded down GBX 2.80 ($0.04) during midday trading on Wednesday, hitting GBX 517.80 ($6.77). 1,443,088 shares of the stock were exchanged, compared to its average volume of 5,830,000. Auto Trader Group has a 1 year low of GBX 375.60 ($4.91) and a 1 year high of GBX 606.80 ($7.93). The stock has a market cap of $4.81 billion and a price-to-earnings ratio of 24.78. The company has a debt-to-equity ratio of 553.22, a quick ratio of 0.89 and a current ratio of 0.94. The company has a 50 day simple moving average of GBX 541.70.



The business also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be given a GBX 4.60 ($0.06) dividend. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 0.79%. This is an increase from Auto Trader Group’s previous dividend of $2.10. Auto Trader Group’s payout ratio is presently 0.33%.

In other news, insider Trevor Mather sold 25,248 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of GBX 549 ($7.17), for a total value of £138,611.52 ($181,120.50).

About Auto Trader Group

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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Analyst Recommendations for Auto Trader Group (LON:AUTO)

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