Auto Trader Group (LON:AUTO) Price Target Lowered to GBX 830 at Berenberg Bank

Auto Trader Group (LON:AUTO) had its price objective cut by Berenberg Bank from GBX 880 ($11.46) to GBX 830 ($10.80) in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a hold rating on the stock.

Separately, Shore Capital lowered shares of Auto Trader Group to a “sell” rating in a research note on Thursday.

Auto Trader Group Stock Performance

AUTO stock traded down GBX 8.20 ($0.11) on Thursday, reaching GBX 774.80 ($10.09). The company’s stock had a trading volume of 10,282,508 shares, compared to its average volume of 3,430,791. Auto Trader Group has a 52 week low of GBX 646 ($8.41) and a 52 week high of GBX 899 ($11.70). The company has a market capitalization of £6.93 billion, a P/E ratio of 2,767.14, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The firm has a fifty day moving average of GBX 865.99 and a two-hundred day moving average of GBX 814.21. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50.

Auto Trader Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd will be given a GBX 3.50 ($0.05) dividend. This represents a yield of 0.41%. The ex-dividend date is Thursday, January 2nd. Auto Trader Group’s dividend payout ratio is 3,571.43%.

Insider Transactions at Auto Trader Group

In related news, insider Jamie Warner sold 54,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of GBX 824 ($10.73), for a total value of £448,972.88 ($584,447.90). 1.04% of the stock is currently owned by company insiders.

Auto Trader Group Company Profile

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.