Macquarie Reiterates “Underperform” Rating for Auto Trader Group PLC (AUTO)
Macquarie reaffirmed their underperform rating on shares of Auto Trader Group PLC (LON:AUTO) in a research report report published on Thursday. They currently have a GBX 295 ($3.88) target price on the stock.
Several other research firms have also issued reports on AUTO. Deutsche Bank AG restated a hold rating on shares of Auto Trader Group in a report on Wednesday, October 11th. restated a buy rating and issued a GBX 520 ($6.84) target price on shares of Auto Trader Group in a report on Monday, November 13th. Shore Capital restated a hold rating on shares of Auto Trader Group in a report on Friday, November 3rd. J P Morgan Chase & Co dropped their target price on shares of Auto Trader Group from GBX 353 ($4.64) to GBX 323 ($4.25) and set an underweight rating on the stock in a report on Friday, November 17th. Finally, Liberum Capital restated a buy rating and issued a GBX 530 ($6.97) target price on shares of Auto Trader Group in a report on Tuesday, November 7th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 426.24 ($5.61).
Shares of Auto Trader Group (AUTO) opened at GBX 332.30 ($4.37) on Thursday. Auto Trader Group has a 52 week low of GBX 313 ($4.12) and a 52 week high of GBX 445 ($5.85).
The business also recently declared a dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 4th will be paid a GBX 1.90 ($0.02) dividend. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, January 4th.
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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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