Auto Trader Group (LON:AUTO) Upgraded to Buy at Berenberg Bank

Key Points

• Berenberg Bank upgraded Auto Trader Group to “Buy” and raised its price target from GBX 510 to GBX 660, implying 16.77% upside from the prior close.
• Analyst opinions remain mixed: MarketBeat reports a consensus “Hold” rating and an average price target of GBX 580.71, with three Buy, two Hold, and two Sell ratings.
• Auto Trader reported quarterly EPS of GBX 18.10 and revenue of £313.40 million, with a net margin of 47.08%.

Auto Trader Group (LON:AUTO - Get Free Report) was upgraded by research analysts at Berenberg Bank to a "buy" rating in a report issued on Monday, Digital Look reports. The brokerage presently has a GBX 660 price target on the stock, up from their prior price target of GBX 510. Berenberg Bank's price objective would indicate a potential upside of 16.77% from the stock's previous close.

A number of other analysts also recently issued reports on the company. Royal Bank Of Canada lowered their target price on Auto Trader Group from GBX 830 to GBX 535 and set a "sector perform" rating on the stock in a research report on Friday, July 17th. JPMorgan Chase & Co. reduced their price target on 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 794 price target on shares of Auto Trader Group in a research note on Friday. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 640 price target on shares of Auto Trader Group in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of GBX 580.71.

Auto Trader Group Stock Up 1.8%

Shares of AUTO stock opened at GBX 565.20 on Monday. The firm's fifty day moving average price is GBX 504.85 and its two-hundred day moving average price is GBX 497.39. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 166.53. Auto Trader Group has a 1 year low of GBX 418.60 and a 1 year high of GBX 762.80. The firm has a market capitalization of £4.30 billion, a P/E ratio of 16.59, a PEG ratio of 3.99 and a beta of 0.72.

Auto Trader Group (LON:AUTO - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported GBX 18.10 EPS for the quarter. Auto Trader Group had a net margin of 47.08% and a return on equity of 92.90%. The company had revenue of £313.40 million during the quarter. On average, equities analysts predict that Auto Trader Group will post 32.80 EPS for the current fiscal year.

About Auto Trader Group

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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