Auto Trader Group (LON:AUTO) Price Target Raised to GBX 946 at Citigroup

Auto Trader Group (LON:AUTO) had its price objective raised by equities researchers at Citigroup from GBX 881 ($10.85) to GBX 946 ($11.65) in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 21.44% from the company’s current price.

Several other research firms have also recently issued reports on AUTO. JPMorgan Chase & Co. upped their price target on Auto Trader Group from GBX 688 ($8.47) to GBX 746 ($9.18) and gave the company an “underweight” rating in a report on Thursday, December 5th. Shore Capital cut Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Finally, Berenberg Bank lowered their price objective on shares of Auto Trader Group from GBX 880 ($10.83) to GBX 830 ($10.22) and set a “hold” rating on the stock in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 864.25 ($10.64).

Auto Trader Group Stock Performance

AUTO stock traded up GBX 2.80 ($0.03) during midday trading on Thursday, reaching GBX 779 ($9.59). The company had a trading volume of 2,212,361 shares, compared to its average volume of 13,264,759. The stock has a 50 day moving average price of GBX 803.54 and a 200 day moving average price of GBX 827.11. The firm has a market capitalization of £6.97 billion, a PE ratio of 2,782.14, a P/E/G ratio of 3.99 and a beta of 0.78. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26. Auto Trader Group has a fifty-two week low of GBX 666 ($8.20) and a fifty-two week high of GBX 899 ($11.07).

Auto Trader Group (LON:AUTO) last announced its earnings results on Thursday, November 7th. The company reported GBX 15.56 ($0.19) EPS for the quarter. Auto Trader Group had a return on equity of 47.59% and a net margin of 45.00%. Analysts anticipate that Auto Trader Group will post 32.7973074 earnings per share for the current year.

About Auto Trader Group

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.