Auto Trader Group plc (LON:AUTO) Declares Dividend Increase – GBX 6.40 Per Share

Auto Trader Group plc (LON:AUTO) announced a dividend on Thursday, May 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 29th will be given a dividend of GBX 6.40 ($0.08) per share on Friday, September 27th. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, August 29th. This is a boost from Auto Trader Group’s previous dividend of $3.20. The official announcement can be seen at this link.

Auto Trader Group Trading Down 0.0 %

AUTO stock opened at GBX 843.80 ($11.13) on Tuesday. The company’s 50-day simple moving average is GBX 809.14 and its 200-day simple moving average is GBX 761.91. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26. Auto Trader Group has a 52-week low of GBX 585.60 ($7.72) and a 52-week high of GBX 849.40 ($11.20). The firm has a market cap of £7.54 billion, a P/E ratio of 3,012.14, a PEG ratio of 3.99 and a beta of 0.77.

Insider Activity at Auto Trader Group

In other Auto Trader Group news, insider Jamie Warner sold 54,487 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of GBX 824 ($10.87), for a total value of £448,972.88 ($592,078.17). 1.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AUTO shares. JPMorgan Chase & Co. increased their target price on shares of Auto Trader Group from GBX 608 ($8.02) to GBX 624 ($8.23) and gave the stock an “underweight” rating in a research note on Friday, May 31st. Shore Capital reaffirmed a “hold” rating on shares of Auto Trader Group in a research note on Thursday, May 30th. Finally, Jefferies Financial Group raised their price target on shares of Auto Trader Group from GBX 830 ($10.95) to GBX 935 ($12.33) and gave the company a “buy” rating in a research note on Tuesday, July 2nd.

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.