Auto Trader Group (LON:AUTO) Price Target Raised to GBX 946 at Citigroup

Auto Trader Group (LON:AUTO) had its price target upped by Citigroup from GBX 881 ($11.00) to GBX 946 ($11.81) in a research note published on Thursday, Marketbeat.com reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Auto Trader Group from GBX 688 ($8.59) to GBX 746 ($9.31) and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Shore Capital lowered shares of Auto Trader Group to a “sell” rating in a research report on Thursday, November 7th. Finally, Berenberg Bank lowered their target price on shares of Auto Trader Group from GBX 880 ($10.98) to GBX 830 ($10.36) and set a “hold” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 864.25 ($10.79).

Auto Trader Group Stock Down 1.2 %

LON AUTO opened at GBX 770 ($9.61) on Thursday. The business has a 50 day moving average price of GBX 802.87 and a two-hundred day moving average price of GBX 826.76. The stock has a market cap of £6.89 billion, a PE ratio of 2,750.00, a P/E/G ratio of 3.99 and a beta of 0.78. Auto Trader Group has a fifty-two week low of GBX 666 ($8.31) and a fifty-two week high of GBX 899 ($11.22). The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26.

Auto Trader Group (LON:AUTO) last posted its quarterly earnings data on Thursday, November 7th. The company reported GBX 15.56 ($0.19) earnings per share (EPS) for the quarter. Auto Trader Group had a return on equity of 47.59% and a net margin of 45.00%. As a group, sell-side analysts predict that Auto Trader Group will post 32.7973074 EPS for the current fiscal year.

Auto Trader Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 2nd were given a dividend of GBX 3.50 ($0.04) per share. This represents a yield of 0.41%. The ex-dividend date was Thursday, January 2nd. Auto Trader Group’s payout ratio is 3,571.43%.

About Auto Trader Group

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.