Auto Trader Group’s (AUTO) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Auto Trader Group (LON:AUTO) in a research note released on Tuesday, Marketbeat reports.

Several other analysts also recently weighed in on the stock. Shore Capital downgraded shares of Auto Trader Group to a “sell” rating in a research report on Thursday, November 7th. Citigroup boosted their price objective on shares of Auto Trader Group from GBX 881 ($11.16) to GBX 946 ($11.99) and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Berenberg Bank reduced their target price on Auto Trader Group from GBX 880 ($11.15) to GBX 830 ($10.52) 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 given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 864.25 ($10.95).

Auto Trader Group Price Performance

Shares of AUTO stock opened at GBX 765.80 ($9.70) on Tuesday. Auto Trader Group has a fifty-two week low of GBX 666 ($8.44) and a fifty-two week high of GBX 899 ($11.39). The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The firm has a market capitalization of £6.76 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 3.99 and a beta of 0.78. The stock’s 50-day simple moving average is GBX 786.59 and its 200-day simple moving average is GBX 823.19.

Auto Trader Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 2nd were issued a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date was Thursday, January 2nd. This represents a dividend yield of 0.41%. Auto Trader Group’s dividend payout ratio (DPR) is presently 35.44%.

Auto Trader Group Company Profile

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.