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Auto Trader Group (LON:AUTO) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Auto Trader Group logo with Communication Services background
Image from MarketBeat Media, LLC.

Key Points

  • Auto Trader shares crossed above their 50‑day moving average (50 DMA = GBX 482.30), trading as high as GBX 508.69 and last at GBX 505.60 on volume of 3,352,380 shares.
  • Multiple brokerages have cut price targets recently (Deutsche Bank, JPMorgan, Citi, Berenberg), leaving a consensus rating of Hold and a consensus price target of GBX 630.50.
  • The company has a market cap of £4.17bn and a P/E of 15.25, but the stock remains below its 200‑day moving average (GBX 578.58).
  • Five stocks to consider instead of Auto Trader Group.

Auto Trader Group plc (LON:AUTO - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 482.30 and traded as high as GBX 508.69. Auto Trader Group shares last traded at GBX 505.60, with a volume of 3,352,380 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AUTO. Deutsche Bank Aktiengesellschaft cut their target price on shares of Auto Trader Group from GBX 850 to GBX 816 and set a "buy" rating on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of 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. Citigroup lowered their price objective on shares of Auto Trader Group from GBX 880 to GBX 526 and set a "neutral" rating for the company in a report on Thursday, April 9th. Finally, Berenberg Bank cut their price objective on Auto Trader Group from GBX 830 to GBX 665 and set a "buy" rating on the stock in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 630.50.

Check Out Our Latest Stock Analysis on Auto Trader Group

Auto Trader Group Trading Up 0.3%

The stock's 50 day moving average is GBX 482.30 and its 200-day moving average is GBX 578.58. The company has a market cap of £4.17 billion, a P/E ratio of 15.25, a PEG ratio of 3.99 and a beta of 0.68. The company has a current ratio of 1.77, a quick ratio of 1.50 and a debt-to-equity ratio of 10.48.

About Auto Trader Group

(Get Free Report)

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.

See Also

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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