Auto Trader Group plc (LON:AUTO) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Auto Trader Group has an average “Reduce” rating from six analysts: two sells, three holds and one buy. The average 12-month price target is GBX 549.50.
• Several brokerages recently lowered their targets, including JPMorgan to GBX 440, RBC to GBX 535 and Berenberg to GBX 510; UBS maintained a sell rating with a GBX 470 target.
• The shares opened at GBX 507.28, with a market capitalization of approximately £3.97 billion and a one-year trading range of GBX 418.60 to GBX 828.80. Insider activity included a sale by Jamie Warner and a purchase by Matt Davies.

Shares of Auto Trader Group plc (LON:AUTO - Get Free Report) have received an average recommendation of "Reduce" from the six analysts that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 549.50.

AUTO has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Auto Trader Group from GBX 445 to GBX 440 and set an "underweight" rating on the stock in a research note on Wednesday, August 5th. Royal Bank Of Canada dropped their price target on Auto Trader Group from GBX 830 to GBX 535 and set a "sector perform" rating for the company in a research note on Friday, July 17th. Berenberg Bank cut their price objective on Auto Trader Group from GBX 580 to GBX 510 and set a "hold" rating on the stock in a report on Tuesday, May 26th. Finally, UBS Group restated a "sell" rating and set a GBX 470 price objective on shares of Auto Trader Group in a research report on Monday, May 18th.

Insider Activity

In other news, insider Jamie Warner sold 32,481 shares of the company's stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 497, for a total value of £161,430.57. Also, insider Matt Davies acquired 5,102 shares of the stock in a transaction dated Monday, June 29th. The stock was purchased at an average cost of GBX 490 per share, with a total value of £24,999.80. Insiders own 3.54% of the company's stock.

Auto Trader Group Price Performance

Shares of LON:AUTO opened at GBX 507.28 on Friday. The company has a market cap of £3.97 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 3.99 and a beta of 0.69. The company has a debt-to-equity ratio of 51.83, a current ratio of 1.73 and a quick ratio of 1.50. The firm has a 50 day simple moving average of GBX 515.79 and a 200 day simple moving average of GBX 492.08. Auto Trader Group has a one year low of GBX 418.60 and a one year high of GBX 828.80.

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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