Auto Trader Group (LON:AUTO – Get Free Report) had its price objective dropped by research analysts at JPMorgan Chase & Co. from GBX 515 to GBX 445 in a note issued to investors on Friday,Digital Look reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 0.76% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. UBS Group reiterated a “sell” rating and set a GBX 470 price target on shares of Auto Trader Group in a research report on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating for the company in a report on Friday, March 27th. Finally, Citigroup decreased their price target on shares of Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 584.40.
Read Our Latest Stock Analysis on AUTO
Auto Trader Group Stock Performance
Auto Trader Group (LON:AUTO – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 34.17 earnings per share for the quarter. Auto Trader Group had a net margin of 47.69% and a return on equity of 51.86%. The company had revenue of £624.30 million during the quarter. On average, sell-side analysts anticipate that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Amanda James purchased 5,477 shares of Auto Trader Group stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of GBX 454 per share, for a total transaction of £24,865.58. Also, insider Matt Davies bought 5,532 shares of Auto Trader Group stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of GBX 452 per share, with a total value of £25,004.64. 3.31% of the stock is owned by corporate insiders.
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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