Auto Trader Group (LON:AUTO) Stock Crosses Below 50 Day Moving Average of $551.14

Auto Trader Group plc (LON:AUTOGet Rating)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 551.14 ($6.71) and traded as low as GBX 550.20 ($6.70). Auto Trader Group shares last traded at GBX 559.40 ($6.82), with a volume of 1,874,925 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on AUTO shares. Shore Capital restated a “hold” rating on shares of Auto Trader Group in a report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on Auto Trader Group from GBX 720 ($8.77) to GBX 700 ($8.53) and set a “buy” rating for the company in a report on Wednesday, November 9th. JPMorgan Chase & Co. dropped their target price on Auto Trader Group from GBX 596 ($7.26) to GBX 528 ($6.43) and set an “underweight” rating for the company in a report on Tuesday, October 18th. Berenberg Bank dropped their target price on Auto Trader Group from GBX 690 ($8.41) to GBX 635 ($7.74) and set a “hold” rating for the company in a report on Friday, November 18th. Finally, Citigroup restated a “neutral” rating and issued a GBX 530 ($6.46) target price on shares of Auto Trader Group in a report on Friday, October 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Auto Trader Group has an average rating of “Hold” and a consensus price target of GBX 628.83 ($7.66).

Auto Trader Group Price Performance

The company has a market capitalization of ¬£5.20 billion and a PE ratio of 2,237.60. The company has a debt-to-equity ratio of 15.76, a current ratio of 1.61 and a quick ratio of 1.50. The stock’s 50 day simple moving average is GBX 551.14 and its 200-day simple moving average is GBX 577.71.

Auto Trader Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, January 5th will be given a GBX 2.80 ($0.03) dividend. This represents a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, January 5th. Auto Trader Group’s dividend payout ratio is presently 32.80%.

About Auto Trader Group

(Get Rating)

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides 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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