Auto Trader Group (OTCMKTS:ATDRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, Zacks.com reports. The firm currently has a $2.50 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.68% from the company’s previous close.
According to Zacks, “Auto Trader Group plc provides digital automotive marketplace. It offers buy and sell of vehicles, such as cars, trucks and vans. Auto Trader Group plc is headquartered in Manchester, United Kingdom. “
Other analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Auto Trader Group in a report on Friday, June 11th. UBS Group reissued a “neutral” rating on shares of Auto Trader Group in a report on Monday. Barclays reaffirmed an “equal weight” rating on shares of Auto Trader Group in a research note on Friday, June 11th. HSBC reissued a “buy” rating on shares of Auto Trader Group in a research note on Tuesday, June 15th. Finally, Berenberg Bank restated a “hold” rating on shares of Auto Trader Group in a report on Wednesday, June 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Auto Trader Group has a consensus rating of “Hold” and an average target price of $2.50.
About Auto Trader Group
Auto Trader Group Plc engages in the digital automotive business. It offers online procurement site for automotive. The firm sells cars, bikes, vans, motor homes, caravans, and trucks. It also offers automotive insurance products. It operates through the following segments: Trade, Consumer Services, and Manufacturer and Agency.
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