Auto Trader Group’s (AUTO) Buy Rating Reaffirmed at Liberum Capital
A number of other analysts have also recently issued reports on AUTO. Numis Securities reiterated a buy rating and issued a GBX 520 ($7.00) target price on shares of Auto Trader Group in a research note on Friday, September 1st. Barclays reiterated an overweight rating and issued a GBX 465 ($6.26) target price on shares of Auto Trader Group in a research note on Thursday, September 28th. Deutsche Bank reiterated a hold rating on shares of Auto Trader Group in a research note on Wednesday, October 11th. Credit Suisse Group reduced their target price on shares of Auto Trader Group from GBX 360 ($4.85) to GBX 330 ($4.44) and set an underperform rating for the company in a research note on Friday, October 27th. Finally, Shore Capital reiterated a hold rating on shares of Auto Trader Group in a research note on Friday, November 3rd. Six analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 416.17 ($5.60).
Shares of Auto Trader Group (AUTO) opened at GBX 348.70 ($4.69) on Tuesday. Auto Trader Group has a fifty-two week low of GBX 313 ($4.21) and a fifty-two week high of GBX 445 ($5.99).
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Auto Trader Group Company Profile
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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