Auto Trader Group (LON:AUTO)‘s stock had its “underperform” rating restated by Credit Suisse Group in a research note issued on Monday. They currently have a GBX 330 ($4.56) price target on the stock. Credit Suisse Group’s price target indicates a potential downside of 10.30% from the company’s current price.
Several other brokerages have also issued reports on AUTO. reaffirmed a “buy” rating and set a GBX 520 ($7.18) price objective on shares of Auto Trader Group in a report on Monday, November 13th. Liberum Capital reaffirmed a “buy” rating and set a GBX 480 ($6.63) price objective on shares of Auto Trader Group in a report on Monday, January 15th. Shore Capital reaffirmed a “hold” rating on shares of Auto Trader Group in a report on Friday, November 3rd. JPMorgan Chase & Co. dropped their price objective on Auto Trader Group from GBX 353 ($4.88) to GBX 323 ($4.46) and set an “underweight” rating on the stock in a report on Friday, November 17th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a GBX 370 ($5.11) price objective on shares of Auto Trader Group in a report on Thursday, January 25th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Auto Trader Group currently has an average rating of “Hold” and a consensus price target of GBX 403.12 ($5.57).
Auto Trader Group (LON:AUTO) opened at GBX 367.90 ($5.08) on Monday. The stock has a market capitalization of $3,520.00 and a PE ratio of 2,164.12. Auto Trader Group has a twelve month low of GBX 313 ($4.32) and a twelve month high of GBX 445 ($6.15).
About Auto Trader Group
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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