Auto Trader Group (LON:AUTO) Stock Price Expected to Rise, Citigroup Analyst Says

Auto Trader Group (LON:AUTO) had its price target lifted by Citigroup from GBX 881 ($10.88) to GBX 946 ($11.68) in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Shore Capital cut shares of Auto Trader Group to a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Auto Trader Group from GBX 688 ($8.50) to GBX 746 ($9.21) and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Finally, Berenberg Bank lowered their price objective on Auto Trader Group from GBX 880 ($10.87) to GBX 830 ($10.25) and set a “hold” rating for the company in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 864.25 ($10.68).

Auto Trader Group Stock Performance

Shares of LON:AUTO opened at GBX 774.80 ($9.57) on Thursday. The company has a market cap of £6.93 billion, a P/E ratio of 2,767.14, a PEG ratio of 3.99 and a beta of 0.78. Auto Trader Group has a one year low of GBX 666 ($8.23) and a one year high of GBX 899 ($11.10). The business’s 50-day simple moving average is GBX 803.54 and its 200 day simple moving average is GBX 827.11. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66.

Auto Trader Group (LON:AUTO) last posted its quarterly earnings data on Thursday, November 7th. The company reported GBX 15.56 ($0.19) earnings per share (EPS) for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.59%. On average, sell-side analysts forecast that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.

Auto Trader Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd will be paid a GBX 3.50 ($0.04) dividend. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 0.41%. Auto Trader Group’s dividend payout ratio (DPR) is presently 3,571.43%.

About Auto Trader Group

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.