JPMorgan Chase & Co. restated their underweight rating on shares of Auto Trader Group (LON:AUTO - Free Report) in a research report released on Tuesday morning, Marketbeat Ratings reports.
Other research analysts have also issued research reports about the stock. Citigroup raised their price objective on shares of Auto Trader Group from GBX 881 ($11.13) to GBX 946 ($11.95) and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Shore Capital downgraded Auto Trader Group to a "sell" rating in a research note on Thursday, November 7th. Finally, Berenberg Bank decreased their target price on Auto Trader Group from GBX 880 ($11.12) to GBX 830 ($10.49) and set a "hold" rating for the company in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Auto Trader Group currently has a consensus rating of "Hold" and a consensus price target of GBX 864.25 ($10.92).
Get Our Latest Stock Analysis on Auto Trader Group
Auto Trader Group Price Performance
Shares of AUTO stock traded up GBX 6.60 ($0.08) during midday trading on Tuesday, reaching GBX 772.40 ($9.76). 2,971,096 shares of the company were exchanged, compared to its average volume of 7,554,846. The company's 50 day moving average price is GBX 785.66 and its two-hundred day moving average price is GBX 822.99. The company has a market cap of £6.82 billion, a P/E ratio of 27.37, a PEG ratio of 3.99 and a beta of 0.78. Auto Trader Group has a 12 month low of GBX 666 ($8.41) and a 12 month high of GBX 899 ($11.36). The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66.
Auto Trader Group Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd were given a GBX 3.50 ($0.04) dividend. The ex-dividend date was Thursday, January 2nd. This represents a yield of 0.41%. Auto Trader Group's dividend payout ratio (DPR) is 35.44%.
About Auto Trader Group
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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.
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