Shares of Auto Trader Group plc (LON:AUTO – Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 728.60 ($9.34) and traded as high as GBX 831.80 ($10.66). Auto Trader Group shares last traded at GBX 819 ($10.49), with a volume of 1,417,840 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AUTO. Shore Capital reissued a “hold” rating on shares of Auto Trader Group in a report on Thursday, May 30th. JPMorgan Chase & Co. raised their target price on shares of Auto Trader Group from GBX 608 ($7.79) to GBX 624 ($7.99) and gave the company an “underweight” rating in a research note on Friday, May 31st.
Get Our Latest Analysis on Auto Trader Group
Auto Trader Group Price Performance
Auto Trader Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be paid a GBX 6.40 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 0.88%. This is a boost from Auto Trader Group’s previous dividend of $3.20. Auto Trader Group’s payout ratio is currently 3,600.00%.
About Auto Trader Group
Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.
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