Auto Trader Group PLC (AUTO) Stock Rating Reaffirmed by Numis Securities Ltd

Auto Trader Group PLC (LON:AUTO)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday. They presently have a GBX 520 ($6.84) price target on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 62.25% from the stock’s current price.

Several other analysts have also recently commented on AUTO. Barclays PLC restated an “overweight” rating and issued a GBX 465 ($6.12) price target on shares of Auto Trader Group PLC in a report on Thursday, September 28th. Deutsche Bank AG restated a “hold” rating on shares of Auto Trader Group PLC in a report on Wednesday, October 11th. Credit Suisse Group AG lowered their price target 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. Shore Capital restated a “hold” rating on shares of Auto Trader Group PLC in a report on Friday, November 3rd. Finally, Liberum Capital restated a “buy” rating and issued a GBX 530 ($6.97) price target on shares of Auto Trader Group PLC in a report on Tuesday, November 7th. 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 company’s stock. Auto Trader Group PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 428.31 ($5.63).

Shares of Auto Trader Group PLC (AUTO) opened at GBX 320.50 ($4.22) on Monday. Auto Trader Group PLC has a fifty-two week low of GBX 321.10 ($4.22) and a fifty-two week high of GBX 445 ($5.85).

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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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