Auto Trader Group (LON:AUTO) Price Target Raised to GBX 946 at Citigroup

Auto Trader Group (LON:AUTO) had its price objective raised by Citigroup from GBX 881 ($10.88) to GBX 946 ($11.68) in a research report sent to investors on Thursday morning, MarketBeat reports. They currently have a neutral rating on the stock.

Several other analysts have also recently commented on the stock. Shore Capital cut shares of Auto Trader Group to a “sell” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Auto Trader Group from GBX 688 ($8.50) to GBX 746 ($9.21) and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Berenberg Bank reduced their target price on Auto Trader Group from GBX 880 ($10.87) to GBX 830 ($10.25) and set a “hold” rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 864.25 ($10.68).

Auto Trader Group Stock Performance

LON AUTO opened at GBX 774.80 ($9.57) on Thursday. The stock has a market capitalization of £6.93 billion, a price-to-earnings ratio of 2,767.14, a PEG ratio of 3.99 and a beta of 0.78. The business’s 50 day moving average is GBX 803.54 and its two-hundred day moving average is GBX 827.11. Auto Trader Group has a 12-month low of GBX 666 ($8.23) and a 12-month high of GBX 899 ($11.10). The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26.

Auto Trader Group (LON:AUTO) last issued its earnings results on Thursday, November 7th. The company reported GBX 15.56 ($0.19) EPS for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.59%. Research analysts expect that Auto Trader Group will post 32.7973074 EPS for the current year.

Auto Trader Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd will be issued a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 0.41%. Auto Trader Group’s payout ratio is 3,571.43%.

Auto Trader Group Company Profile

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.