Auto Trader Group (LON:AUTO) Price Target Cut to GBX 830 by Analysts at Berenberg Bank

Auto Trader Group (LON:AUTO) had its target price trimmed by Berenberg Bank from GBX 880 ($11.46) to GBX 830 ($10.80) in a research report released on Thursday, Marketbeat reports. The firm currently has a hold rating on the stock.

Separately, Shore Capital lowered Auto Trader Group to a “sell” rating in a research report on Thursday.

Auto Trader Group Stock Performance

Auto Trader Group stock traded down GBX 8.20 ($0.11) during mid-day trading on Thursday, reaching GBX 774.80 ($10.09). 10,282,508 shares of the company traded hands, compared to its average volume of 3,430,791. 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 firm’s fifty day moving average is GBX 865.99 and its two-hundred day moving average is GBX 814.21. Auto Trader Group has a fifty-two week low of GBX 646 ($8.41) and a fifty-two week high of GBX 899 ($11.70). The company has a market capitalization of £6.93 billion, a price-to-earnings ratio of 2,767.14, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Auto Trader Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 2nd will be paid a GBX 3.50 ($0.05) dividend. The ex-dividend date is Thursday, January 2nd. This represents a yield of 0.41%. Auto Trader Group’s dividend payout ratio is currently 3,571.43%.

Insider Activity at Auto Trader Group

In related news, insider Jamie Warner sold 54,487 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of GBX 824 ($10.73), for a total transaction of £448,972.88 ($584,447.90). 1.04% of the stock is owned by corporate insiders.

Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides 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.