Auto Trader Group (AUTO) Earns Hold Rating from Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group initiated coverage on shares of Auto Trader Group (LON:AUTO) in a research note issued to investors on Wednesday. The firm set a “hold” rating and a GBX 450 ($5.88) price target on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 1.64% from the stock’s previous close.

AUTO has been the subject of a number of other research reports. Barclays reiterated an “equal weight” rating and issued a GBX 460 ($6.01) price target on shares of Auto Trader Group in a research note on Friday, November 9th. Liberum Capital restated a “buy” rating on shares of Auto Trader Group in a research note on Tuesday, October 9th. Peel Hunt restated an “add” rating on shares of Auto Trader Group in a research note on Thursday, November 8th. Goldman Sachs Group raised their target price on shares of Auto Trader Group from GBX 377.50 ($4.93) to GBX 428 ($5.59) and gave the stock a “neutral” rating in a research note on Tuesday, December 4th. Finally, Credit Suisse Group restated an “underperform” rating on shares of Auto Trader Group in a research note on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Auto Trader Group presently has an average rating of “Hold” and an average target price of GBX 426.85 ($5.58).

Shares of AUTO stock opened at GBX 457.50 ($5.98) on Wednesday. Auto Trader Group has a one year low of GBX 313 ($4.09) and a one year high of GBX 445 ($5.81).

Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.

Further Reading: Systematic Risk

Analyst Recommendations for Auto Trader Group (LON:AUTO)

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