Auto Trader Group (LON:AUTO) Shares Cross Below 50 Day Moving Average - What's Next?

Key Points

• Auto Trader Group plc's shares have recently fallen below their 50-day moving average of GBX 812.14, currently trading at GBX 772.80.
• Analyst ratings for Auto Trader Group indicate a generally negative outlook, with an average rating of "Reduce" and price targets ranging from GBX 745 to GBX 830.
• Insider trading has been notable, with key executives selling a combined total of £691,426 worth of shares in early July.

Auto Trader Group plc (LON:AUTO - Get Free Report)'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 812.14 ($10.98) and traded as low as GBX 765.80 ($10.35). Auto Trader Group shares last traded at GBX 772.80 ($10.44), with a volume of 1,841,937 shares.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AUTO shares. JPMorgan Chase & Co. restated an "underweight" rating and issued a GBX 745 price target on shares of Auto Trader Group in a research report on Tuesday, July 1st. Berenberg Bank restated a "hold" rating and issued a GBX 830 target price on shares of Auto Trader Group in a research report on Thursday, May 29th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of GBX 840.33.

Auto Trader Group Trading Up 0.2%

The stock has a market capitalization of £6.75 billion, a price-to-earnings ratio of 2,453.11, a PEG ratio of 3.99 and a beta of 0.78. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The firm has a 50-day moving average of GBX 812.14 and a 200 day moving average of GBX 807.49.

Insider Buying and Selling at Auto Trader Group

In other Auto Trader Group news, insider Catherine Faiers sold 41,585 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of GBX 812, for a total transaction of £337,670.20. Also, insider Jamie Warner sold 43,566 shares of Auto Trader Group stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of GBX 812, for a total transaction of £353,755.92. In the last 90 days, insiders have sold 181,217 shares of company stock valued at $147,148,204. Company insiders own 3.15% of the company's stock.

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.

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