Auto Trader Group PLC (AUTO) PT Lowered to GBX 323 at J P Morgan Chase & Co

Auto Trader Group PLC (LON:AUTO) had its price objective trimmed by J P Morgan Chase & Co from GBX 353 ($4.64) to GBX 323 ($4.25) in a research report report published on Friday morning. The firm currently has an underweight rating on the stock.

A number of other equities analysts have also weighed in on the company. Barclays PLC restated an overweight rating on shares of Auto Trader Group PLC in a research note on Wednesday, October 18th. Liberum Capital restated a buy rating and issued a GBX 530 ($6.97) target price on shares of Auto Trader Group PLC in a research note on Tuesday, November 7th. Deutsche Bank AG restated a hold rating on shares of Auto Trader Group PLC in a research note on Wednesday, October 11th. Numis Securities Ltd restated a buy rating and issued a GBX 520 ($6.84) target price on shares of Auto Trader Group PLC in a research note on Friday, September 1st. Finally, Shore Capital restated a hold rating on shares of Auto Trader Group PLC in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 430.06 ($5.66).

Auto Trader Group PLC (LON:AUTO) opened at GBX 320.20 ($4.21) on Friday. Auto Trader Group PLC has a one year low of GBX 313 ($4.12) and a one year high of GBX 445 ($5.85).

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The business also recently declared a dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, January 4th will be given a dividend of GBX 1.90 ($0.02) per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a yield of 0.57%.

Auto Trader Group PLC Company Profile

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 PLC (LON:AUTO)

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