Auto Trader Group PLC (AUTO) Receives GBX 448.14 Consensus Target Price from Analysts
Shares of Auto Trader Group PLC (LON:AUTO) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 448.14 ($5.80).
AUTO has been the subject of a number of research analyst reports. Liberum Capital reaffirmed a “buy” rating and set a GBX 530 ($6.85) price objective on shares of Auto Trader Group PLC in a research report on Tuesday, May 16th. Berenberg Bank initiated coverage on shares of Auto Trader Group PLC in a research report on Wednesday, May 17th. They set a “sell” rating and a GBX 350 ($4.53) price objective for the company. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 435 ($5.63) price objective on shares of Auto Trader Group PLC in a research report on Friday, June 9th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 360 ($4.66) price objective on shares of Auto Trader Group PLC in a research report on Tuesday, May 9th. Finally, Barclays PLC raised shares of Auto Trader Group PLC to an “overweight” rating and increased their price objective for the stock from GBX 425 ($5.50) to GBX 470 ($6.08) in a research report on Thursday, June 1st.
Auto Trader Group PLC (AUTO) traded down 0.49% on Friday, reaching GBX 342.50. The company’s stock had a trading volume of 1,873,194 shares. The firm has a 50-day moving average of GBX 365.97 and a 200-day moving average of GBX 391.34. Auto Trader Group PLC has a one year low of GBX 337.30 and a one year high of GBX 445.00. The company’s market capitalization is GBX 3.34 billion.
The firm also recently declared a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a GBX 3.50 ($0.05) dividend. This represents a yield of 0.84%. The ex-dividend date is Thursday, August 31st. This is a boost from Auto Trader Group PLC’s previous dividend of $1.70.
About Auto Trader Group PLC
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.
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