Auto Trader Group PLC (AUTO) Announces Dividend Increase – GBX 4 Per Share
Auto Trader Group PLC (LON:AUTO) announced a dividend on Thursday, June 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 30th will be paid a dividend of GBX 4 ($0.05) per share on Friday, September 28th. This represents a yield of 1.04%. The ex-dividend date is Thursday, August 30th. This is a boost from Auto Trader Group’s previous dividend of $1.90. The official announcement can be seen at this link.
Shares of AUTO opened at GBX 455 ($5.82) on Friday. Auto Trader Group has a 52-week low of GBX 313 ($4.00) and a 52-week high of GBX 445 ($5.69).
AUTO has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated an “underperform” rating on shares of Auto Trader Group in a research note on Friday, May 4th. Peel Hunt reiterated an “add” rating on shares of Auto Trader Group in a research note on Friday, May 4th. UBS Group reiterated a “buy” rating and issued a GBX 415 ($5.30) target price on shares of Auto Trader Group in a research note on Tuesday, May 8th. Shore Capital reiterated a “hold” rating on shares of Auto Trader Group in a research note on Thursday, May 31st. Finally, JPMorgan Chase & Co. increased their target price on Auto Trader Group from GBX 323 ($4.13) to GBX 328 ($4.19) and gave the stock an “underweight” rating in a research note on Wednesday, June 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Auto Trader Group presently has an average rating of “Hold” and a consensus target price of GBX 413.21 ($5.28).
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.
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