Auto Trader Group (LON:AUTO) had its price objective cut by Deutsche Bank from GBX 390 ($5.25) to GBX 370 ($4.98) in a research report released on Monday morning. They currently have a hold rating on the stock.
Several other research analysts also recently commented on the stock. Liberum Capital restated a buy rating and set a GBX 530 ($7.13) price objective on shares of Auto Trader Group in a research report on Tuesday, November 7th. Barclays restated an overweight rating on shares of Auto Trader Group in a research report on Wednesday, October 18th. reiterated a buy rating and set a GBX 520 ($7.00) price target on shares of Auto Trader Group in a report on Monday, November 13th. Investec reiterated a buy rating and set a GBX 450 ($6.06) price target on shares of Auto Trader Group in a report on Thursday, November 9th. Finally, J P Morgan Chase & Co reiterated an underweight rating on shares of Auto Trader Group in a report on Friday, November 10th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Auto Trader Group has a consensus rating of Hold and an average target price of GBX 418.94 ($5.64).
Auto Trader Group (LON AUTO) opened at GBX 337.76 ($4.55) on Monday. Auto Trader Group has a 1 year low of GBX 313 ($4.21) and a 1 year high of GBX 445 ($5.99).
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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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