Berenberg Bank Issues Pessimistic Forecast for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its price target reduced by equities researchers at Berenberg Bank from GBX 880 ($11.46) to GBX 830 ($10.80) in a report issued on Thursday, Marketbeat reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price points to a potential upside of 6.74% from the stock’s previous close.

Separately, Shore Capital cut shares of Auto Trader Group to a “sell” rating in a research note on Thursday.

Auto Trader Group Stock Down 0.7 %

Auto Trader Group stock opened at GBX 777.60 ($10.12) on Thursday. 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 business has a 50 day simple moving average of GBX 864.63 and a 200-day simple moving average of GBX 813.95. The stock has a market capitalization of £6.96 billion, a PE ratio of 2,777.14, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. Auto Trader Group has a 12 month low of GBX 646 ($8.41) and a 12 month high of GBX 899 ($11.70).

Insider Activity at Auto Trader Group

In other news, insider Jamie Warner sold 54,487 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of GBX 824 ($10.73), for a total value of £448,972.88 ($584,447.90). 1.04% of the stock is currently owned by 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.