Auto Trader Group (LON:AUTO) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Auto Trader Group plc (LON:AUTO) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 830.09 ($10.27) and traded as low as GBX 783.80 ($9.70). Auto Trader Group shares last traded at GBX 793 ($9.82), with a volume of 560,911 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on AUTO. Shore Capital cut Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Berenberg Bank decreased their price target on shares of Auto Trader Group from GBX 880 ($10.89) to GBX 830 ($10.27) and set a “hold” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Auto Trader Group from GBX 688 ($8.52) to GBX 746 ($9.23) and gave the stock an “underweight” rating in a research report on Thursday, December 5th.

Auto Trader Group Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The company has a 50 day simple moving average of GBX 823.03 and a 200 day simple moving average of GBX 829.84. The stock has a market cap of £7.10 billion, a P/E ratio of 2,833.57, a PEG ratio of 3.99 and a beta of 0.78.

Auto Trader Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 2nd will be issued a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 0.41%. Auto Trader Group’s payout ratio is presently 3,571.43%.

Auto Trader Group Company Profile

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.