Auto Trader Group’s (AUTO) Buy Rating Reaffirmed at Numis Securities
Numis Securities reissued their buy rating on shares of Auto Trader Group (LON:AUTO) in a research report released on Thursday morning. The firm currently has a GBX 520 ($7.30) price objective on the stock.
A number of other research firms also recently commented on AUTO. Deutsche Bank reiterated a hold rating on shares of Auto Trader Group in a report on Wednesday, October 11th. reiterated a buy rating and issued a GBX 520 ($7.30) price target on shares of Auto Trader Group in a research note on Monday, November 13th. Liberum Capital reiterated a buy rating and issued a GBX 480 ($6.74) price target on shares of Auto Trader Group in a research note on Monday, January 15th. Shore Capital reissued a hold rating on shares of Auto Trader Group in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on Auto Trader Group from GBX 353 ($4.96) to GBX 323 ($4.54) and set an underweight rating for the company in a report on Friday, November 17th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Auto Trader Group presently has an average rating of Hold and an average price target of GBX 403.12 ($5.66).
Auto Trader Group (LON AUTO) traded up GBX 3.30 ($0.05) on Thursday, hitting GBX 364.20 ($5.11). The stock had a trading volume of 5,632,749 shares, compared to its average volume of 2,650,000. Auto Trader Group has a fifty-two week low of GBX 313 ($4.40) and a fifty-two week high of GBX 445 ($6.25). The stock has a market cap of $3,490.00 and a P/E ratio of 2,142.35.
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About Auto Trader Group
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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