Auto Trader Group (LON:AUTO) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Share price fell below its 50‑day moving average — Auto Trader (LON:AUTO) traded as low as GBX 461.60 and last at GBX 462.60 on heavy volume (11,092,615), below the 50‑day MA of GBX 497.74.
• Analysts have trimmed targets and are split on the stock — Berenberg, JPMorgan and Citi have cut price targets, leaving two Buy and one Sell rating, with a MarketBeat consensus of Hold and a consensus price target of GBX 686.67.
• Longer‑term trend and valuation point to caution — the 200‑day MA (GBX 628.37) sits well above the current price; the company has a market cap of £3.84bn and a PE of 13.91.

Auto Trader Group plc (LON:AUTO - Get Free Report)'s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 497.74 and traded as low as GBX 461.60. Auto Trader Group shares last traded at GBX 462.60, with a volume of 11,092,615 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AUTO shares. Berenberg Bank cut their price target on Auto Trader Group from GBX 830 to GBX 665 and set a "buy" rating on the stock in a report on Friday, January 9th. JPMorgan Chase & Co. decreased their price objective on Auto Trader Group from GBX 630 to GBX 515 and set an "underweight" rating for the company in a research note on Thursday, March 19th. Finally, Citigroup dropped their price objective on Auto Trader Group from GBX 924 to GBX 880 and set a "buy" rating on the stock in a research report on Friday, November 28th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of GBX 686.67.

Auto Trader Group Price Performance

The stock has a 50 day moving average of GBX 497.74 and a 200-day moving average of GBX 628.37. The company has a debt-to-equity ratio of 10.48, a quick ratio of 1.50 and a current ratio of 1.77. The company has a market cap of £3.84 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.99 and a beta of 0.71.

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.

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.