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

Key Points

• Auto Trader Group's stock price has fallen below its 50-day moving average of GBX 799.40, trading recently at GBX 779 amid significant trading volume.
• JPMorgan Chase & Co. has reissued an "underweight" rating with a target price of GBX 745, and the stock currently holds a consensus rating of "Reduce" from investment analysts.
• The company's market capitalization stands at £6.73 billion, with a high price-to-earnings ratio of 2,457.54, indicating potential concerns regarding its valuation.

Auto Trader Group plc (LON:AUTO - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 799.40 ($10.71) and traded as low as GBX 778 ($10.43). Auto Trader Group shares last traded at GBX 779 ($10.44), with a volume of 1,807,788 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 745 price objective on shares of Auto Trader Group in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of GBX 840.33.

Auto Trader Group Stock Down 0.4%

The company's fifty day simple moving average is GBX 799.40 and its 200-day simple moving average is GBX 808.30. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50. The firm has a market capitalization of £6.73 billion, a PE ratio of 2,457.54, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

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.

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