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Auto Trader Group (LON:AUTO) Stock Rating Upgraded by Jefferies Financial Group

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Key Points

  • Jefferies upgraded Auto Trader Group to “buy” and raised its price target from GBX 545 to GBX 640, implying roughly 24% upside from the previous close.
  • Analyst sentiment remains mixed: the stock has an average “hold” rating and a consensus target price of GBX 562.43, with ratings ranging from buy to sell.
  • Auto Trader shares opened at GBX 516.20, with a market capitalization of about £4.01 billion and a 52-week trading range of GBX 418.60 to GBX 828.80.
  • MarketBeat previews the top five stocks to own by October 1st.

Auto Trader Group (LON:AUTO - Get Free Report) was upgraded by analysts at Jefferies Financial Group to a "buy" rating in a research note issued to investors on Tuesday, London Stock Exchange reports. The firm currently has a GBX 640 price objective on the stock, up from their prior price objective of GBX 545. Jefferies Financial Group's target price would indicate a potential upside of 23.98% from the stock's previous close.

AUTO has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Auto Trader Group from GBX 445 to GBX 440 and set an "underweight" rating for the company in a research report on Wednesday, August 5th. Berenberg Bank lowered their price target on shares of Auto Trader Group from GBX 580 to GBX 510 and set a "hold" rating on the stock in a report on Tuesday, May 26th. UBS Group reiterated a "sell" rating and issued a GBX 470 price objective on shares of Auto Trader Group in a research note on Monday, May 18th. Finally, Royal Bank Of Canada reduced their price objective on Auto Trader Group from GBX 830 to GBX 535 and set a "sector perform" rating for the company in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of GBX 562.43.

Read Our Latest Research Report on AUTO

Auto Trader Group Stock Performance

LON AUTO opened at GBX 516.20 on Tuesday. The company has a market capitalization of £4.01 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. The company has a debt-to-equity ratio of 51.83, a quick ratio of 1.50 and a current ratio of 1.73. Auto Trader Group has a 52-week low of GBX 418.60 and a 52-week high of GBX 828.80. The company has a 50-day simple moving average of GBX 516.07 and a 200 day simple moving average of GBX 492.60.

Insiders Place Their Bets

In other Auto Trader Group news, insider Nathan Coe sold 70,158 shares of the firm's stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 497, for a total value of £348,685.26. Also, insider Matt Davies bought 5,102 shares of Auto Trader Group stock in a transaction on Monday, June 29th. The shares were bought at an average cost of GBX 490 per share, with a total value of £24,999.80. 3.56% of the stock is owned by corporate insiders.

About Auto Trader Group

(Get Free Report)

Autotrader Group plc is the UK's largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index. Autotrader's purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.

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Analyst Recommendations for Auto Trader Group (LON:AUTO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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