Auto Trader Group (LON:AUTO) Coverage Initiated at Berenberg Bank

Berenberg Bank started coverage on shares of Auto Trader Group (LON:AUTOGet Free Report) in a report released on Monday, Marketbeat reports. The firm set a “hold” rating and a GBX 715 ($8.95) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 1.39% from the company’s previous close.

Separately, JPMorgan Chase & Co. upped their price objective on shares of Auto Trader Group from GBX 555 ($6.94) to GBX 560 ($7.01) and gave the stock an “underweight” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Auto Trader Group currently has an average rating of “Hold” and a consensus target price of GBX 630.80 ($7.89).

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Auto Trader Group Trading Down 0.3 %

Shares of LON AUTO traded down GBX 2 ($0.03) during midday trading on Monday, hitting GBX 705.20 ($8.82). 1,491,416 shares of the company traded hands, compared to its average volume of 2,140,086. Auto Trader Group has a 12-month low of GBX 510.80 ($6.39) and a 12-month high of GBX 715.60 ($8.95). The company has a debt-to-equity ratio of 11.33, a quick ratio of 1.50 and a current ratio of 1.64. The stock has a 50-day moving average price of GBX 632.20 and a 200 day moving average price of GBX 624.19. The firm has a market cap of £6.44 billion, a P/E ratio of 2,838.40, a P/E/G ratio of 3.99 and a beta of 0.61.

Auto Trader Group Company Profile

(Get Free Report)

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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