Auto Trader Group PLC’s (AUTO) Hold Rating Reiterated at Shore Capital

Shore Capital restated their hold rating on shares of Auto Trader Group PLC (LON:AUTO) in a research note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the stock. Barclays PLC reissued an overweight rating and issued a GBX 465 ($6.12) price objective on shares of Auto Trader Group PLC in a research report on Thursday, September 28th. Deutsche Bank AG dropped their price objective on shares of Auto Trader Group PLC from GBX 435 ($5.72) to GBX 390 ($5.13) and set a hold rating on the stock in a research report on Tuesday, October 24th. Liberum Capital reissued a buy rating and issued a GBX 530 ($6.97) price objective on shares of Auto Trader Group PLC in a research report on Tuesday, November 7th. Numis Securities Ltd reissued a buy rating and issued a GBX 520 ($6.84) price objective on shares of Auto Trader Group PLC in a research report on Friday, September 1st. Finally, Credit Suisse Group dropped their price objective on shares of Auto Trader Group PLC from GBX 360 ($4.73) to GBX 330 ($4.34) and set an underperform rating on the stock in a research report on Friday, October 27th. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Auto Trader Group PLC has an average rating of Hold and a consensus target price of GBX 428.31 ($5.63).

Auto Trader Group PLC (LON:AUTO) traded down GBX 2.70 ($0.04) during trading on Thursday, reaching GBX 332.40 ($4.37). 7,849,293 shares of the company’s stock were exchanged, compared to its average volume of 4,440,000. Auto Trader Group PLC has a 12 month low of GBX 329.40 ($4.33) and a 12 month high of GBX 445 ($5.85).

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

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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