Credit Suisse Group Reiterates “Underperform” Rating for Auto Trader Group (AUTO)
Auto Trader Group (LON:AUTO)‘s stock had its “underperform” rating reiterated by equities researchers at Credit Suisse Group in a research note issued on Thursday.
A number of other equities analysts have also recently weighed in on AUTO. Peel Hunt reissued an “add” rating on shares of Auto Trader Group in a report on Tuesday, July 3rd. Shore Capital reissued a “hold” rating on shares of Auto Trader Group in a report on Thursday, August 16th. Liberum Capital reissued a “buy” rating and set a GBX 480 ($6.14) price objective on shares of Auto Trader Group in a report on Thursday, June 7th. Numis Securities reissued a “buy” rating on shares of Auto Trader Group in a report on Thursday, June 7th. Finally, JPMorgan Chase & Co. raised their price objective on Auto Trader Group from GBX 326 ($4.17) to GBX 328 ($4.19) and gave the company an “underweight” rating in a report on Friday, July 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Auto Trader Group presently has a consensus rating of “Hold” and a consensus target price of GBX 413.21 ($5.28).
Shares of LON AUTO opened at GBX 455 ($5.82) on Thursday. Auto Trader Group has a 1-year low of GBX 313 ($4.00) and a 1-year high of GBX 445 ($5.69).
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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