Deutsche Bank Cuts Auto Trader Group (AUTO) Price Target to GBX 370

Auto Trader Group (LON:AUTO) had its price objective trimmed by Deutsche Bank from GBX 390 ($5.25) to GBX 370 ($4.98) in a report released on Monday. The firm currently has a hold rating on the stock.

AUTO has been the topic of several other research reports. J P Morgan Chase & Co reiterated an underweight rating on shares of Auto Trader Group in a research note on Friday, November 10th. Panmure Gordon reiterated a buy rating and issued a GBX 395 ($5.32) price objective on shares of Auto Trader Group in a research note on Thursday, November 9th. Numis Securities reiterated a buy rating and issued a GBX 520 ($7.00) price objective on shares of Auto Trader Group in a research note on Monday, November 13th. Jefferies Group dropped their price objective on Auto Trader Group from GBX 520 ($7.00) to GBX 360 ($4.85) and set a buy rating on the stock in a research note on Monday, November 27th. Finally, Shore Capital reiterated a hold rating on shares of Auto Trader Group in a research note on Thursday, November 9th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Auto Trader Group has an average rating of Hold and an average target price of GBX 418.94 ($5.64).

Auto Trader Group (LON AUTO) opened at GBX 338.34 ($4.55) on Monday. Auto Trader Group has a 12 month low of GBX 313 ($4.21) and a 12 month high of GBX 445 ($5.99).

The firm also recently announced a dividend, which will be paid on Friday, January 26th. Shareholders of record on Thursday, January 4th will be issued a dividend of GBX 1.90 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a yield of 0.57%.

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About Auto Trader Group

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 (LON:AUTO)

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