Liberum Capital Reiterates Buy Rating for Auto Trader Group (AUTO)

Auto Trader Group (LON:AUTO)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a report issued on Friday.

A number of other analysts also recently issued reports on AUTO. Macquarie reiterated an “underperform” rating and issued a GBX 295 ($4.08) price objective on shares of Auto Trader Group in a report on Thursday, November 23rd. Jefferies Group lowered their price objective on shares of Auto Trader Group from GBX 520 ($7.18) to GBX 360 ($4.97) and set a “buy” rating on the stock in a report on Monday, November 27th. Peel Hunt started coverage on shares of Auto Trader Group in a report on Thursday, November 30th. They issued a “buy” rating and a GBX 400 ($5.53) price objective on the stock. Deutsche Bank lowered their price objective on shares of Auto Trader Group from GBX 390 ($5.39) to GBX 370 ($5.11) and set a “hold” rating on the stock in a report on Monday, December 4th. Finally, Goldman Sachs downgraded shares of Auto Trader Group to a “neutral” rating and lowered their price objective for the company from GBX 468 ($6.47) to GBX 370 ($5.11) in a report on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Auto Trader Group currently has an average rating of “Hold” and a consensus target price of GBX 407.71 ($5.63).

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Shares of Auto Trader Group (LON AUTO) opened at GBX 340.20 ($4.70) on Friday. Auto Trader Group has a fifty-two week low of GBX 313 ($4.32) and a fifty-two week high of GBX 445 ($6.15). The stock has a market cap of $3,380.00 and a P/E ratio of 2,001.18.

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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.

Analyst Recommendations for Auto Trader Group (LON:AUTO)

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