Auto Trader Group (AUTO) Cut to “Equal Weight” at Barclays
Barclays downgraded shares of Auto Trader Group (LON:AUTO) to an equal weight rating in a research report released on Tuesday. The firm currently has GBX 460 ($5.99) target price on the stock, up from their prior target price of GBX 435 ($5.67).
Other research analysts also recently issued reports about the stock. Peel Hunt reiterated an add rating on shares of Auto Trader Group in a research note on Thursday, August 16th. Liberum Capital reiterated a buy rating and set a GBX 480 ($6.25) price objective on shares of Auto Trader Group in a research note on Thursday, June 7th. Numis Securities reiterated a buy rating on shares of Auto Trader Group in a research note on Thursday, June 7th. Berenberg Bank upgraded shares of Auto Trader Group to a hold rating and increased their price objective for the company from GBX 350 ($4.56) to GBX 365 ($4.75) in a research note on Friday, June 8th. Finally, Shore Capital reiterated a hold rating on shares of Auto Trader Group in a research note on Thursday, June 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 416.11 ($5.42).
LON AUTO opened at GBX 451.50 ($5.88) on Tuesday. Auto Trader Group has a 12 month low of GBX 313 ($4.08) and a 12 month high of GBX 445 ($5.80).
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.
Further Reading: Put Option
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