Auto Trader Group (LON:AUTO) Rating Reiterated by Shore Capital

Shore Capital reaffirmed their hold rating on shares of Auto Trader Group (LON:AUTO) in a research report sent to investors on Wednesday, June 26th, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently weighed in on the stock. Numis Securities boosted their price objective on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the stock a buy rating in a research report on Thursday, June 6th. Barclays reissued a top pick rating and issued a GBX 3,250 ($42.47) price target on shares of in a report on Wednesday, June 19th. Deutsche Bank set a $261.00 price objective on shares of Vail Resorts and gave the company a buy rating in a research report on Friday, June 7th. Citigroup reaffirmed a buy rating on shares of Healthequity in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. raised shares of Intelsat from a neutral rating to an overweight rating and set a $27.00 price target on the stock in a research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 531.77 ($6.95).

Shares of LON:AUTO traded down GBX 2.20 ($0.03) during midday trading on Wednesday, hitting GBX 549.80 ($7.18). The company’s stock had a trading volume of 2,367,010 shares, compared to its average volume of 5,830,000. The firm has a market capitalization of $5.11 billion and a PE ratio of 26.31. The stock’s 50 day moving average is GBX 568.19. Auto Trader Group has a fifty-two week low of GBX 375.60 ($4.91) and a fifty-two week high of GBX 606.80 ($7.93). The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 553.22.

The company also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 29th will be paid a dividend of GBX 4.60 ($0.06) per share. This is a boost from Auto Trader Group’s previous dividend of $2.10. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 0.79%. Auto Trader Group’s dividend payout ratio (DPR) is presently 0.33%.

In other Auto Trader Group news, insider Trevor Mather sold 25,248 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of GBX 549 ($7.17), for a total transaction of £138,611.52 ($181,120.50).

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.

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Analyst Recommendations for Auto Trader Group (LON:AUTO)

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