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

Auto Trader Group (LON:AUTO) had its price objective increased by analysts at Citigroup from GBX 881 ($10.85) to GBX 946 ($11.65) in a research note issued to investors on Thursday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 21.44% from the company’s current price.

Several other analysts have also recently commented on AUTO. JPMorgan Chase & Co. increased their price target on shares of Auto Trader Group from GBX 688 ($8.47) to GBX 746 ($9.18) and gave the company an “underweight” rating in a research note on Thursday, December 5th. Berenberg Bank cut 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 report on Thursday, November 7th. Finally, Shore Capital lowered shares of Auto Trader Group to a “sell” rating in a 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 issued a buy rating to the stock. According to MarketBeat.com, Auto Trader Group has an average rating of “Hold” and a consensus target price of GBX 864.25 ($10.64).

Auto Trader Group Price Performance

Shares of AUTO traded up GBX 2.80 ($0.03) during mid-day trading on Thursday, hitting GBX 779 ($9.59). 2,212,361 shares of the company traded hands, compared to its average volume of 13,264,759. Auto Trader Group has a one year low of GBX 666 ($8.20) and a one year high of GBX 899 ($11.07). The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The business has a 50-day moving average of GBX 803.54 and a 200 day moving average of GBX 827.11. The stock has a market capitalization of £6.97 billion, a price-to-earnings ratio of 2,782.14, a PEG ratio of 3.99 and a beta of 0.78.

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

Auto Trader Group Company Profile

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.