Auto Trader Group (LON:AUTO – Get Free Report) had its price objective dropped by Berenberg Bank from GBX 580 to GBX 510 in a report released on Tuesday,London Stock Exchange reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 17.05% from the stock’s previous close.
A number of other brokerages also recently issued reports on AUTO. JPMorgan Chase & Co. dropped their price objective on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on 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. Citigroup dropped their price objective on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, UBS Group reissued a “sell” rating and issued a GBX 470 price objective on shares of Auto Trader Group in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of GBX 553.40.
Read Our Latest Research Report on Auto Trader Group
Auto Trader Group Stock Down 3.8%
Auto Trader Group (LON:AUTO – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 earnings per share (EPS) for the quarter. The company had revenue of £624.30 million for the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%. Equities research analysts predict that Auto Trader Group will post 32.7973074 earnings per share for the current year.
Insider Transactions at Auto Trader Group
In other news, insider Matt Davies bought 5,532 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of GBX 452 per share, with a total value of £25,004.64. Also, insider Amanda James acquired 5,477 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of GBX 454 per share, with a total value of £24,865.58. Insiders own 3.31% of the company’s stock.
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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