Auto Trader Group PLC (AUTO) Receives “Hold” Rating from Deutsche Bank AG

Deutsche Bank AG reissued their hold rating on shares of Auto Trader Group PLC (LON:AUTO) in a research note published on Friday morning. The firm currently has a GBX 390 ($5.13) price target on the stock.

A number of other brokerages also recently commented on AUTO. Barclays PLC reiterated an overweight rating on shares of Auto Trader Group PLC in a research report on Wednesday, October 4th. Shore Capital assumed coverage on Auto Trader Group PLC in a research report on Thursday, July 13th. They set a hold rating for the company. 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 report on Friday, September 1st. Credit Suisse Group reduced their target price on Auto Trader Group PLC from GBX 360 ($4.73) to GBX 330 ($4.34) and set an underperform rating for the company in a report on Friday, October 27th. Finally, Panmure Gordon restated a buy rating and issued a GBX 395 ($5.20) target price on shares of Auto Trader Group PLC in a report on Thursday, November 9th. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 428.31 ($5.63).

Shares of Auto Trader Group PLC (AUTO) opened at GBX 319.80 ($4.21) on Friday. Auto Trader Group PLC has a 52-week low of GBX 321.10 ($4.22) and a 52-week high of GBX 445 ($5.85).

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The firm also recently declared a dividend, which will be paid on Friday, January 26th. Stockholders 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.

About Auto Trader Group PLC

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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