Auto Trader Group (LON:AUTO) Earns Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Auto Trader Group (LON:AUTO) in a report published on Tuesday, Marketbeat.com reports.

A number of other brokerages also recently commented on AUTO. Berenberg Bank reduced their price objective on Auto Trader Group from GBX 880 ($11.15) to GBX 830 ($10.52) and set a “hold” rating on the stock in a research report on Thursday, November 7th. Shore Capital lowered Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Finally, Citigroup boosted their price target on shares of Auto Trader Group from GBX 881 ($11.16) to GBX 946 ($11.99) and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 864.25 ($10.95).

Auto Trader Group Trading Down 0.5 %

AUTO opened at GBX 765.80 ($9.70) on Tuesday. The firm has a market capitalization of £6.76 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company’s 50 day simple moving average is GBX 786.59 and its two-hundred day simple moving average is GBX 823.19. Auto Trader Group has a 1-year low of GBX 666 ($8.44) and a 1-year high of GBX 899 ($11.39). The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50.

Auto Trader Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd were given a GBX 3.50 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a yield of 0.41%. Auto Trader Group’s dividend payout ratio is currently 35.44%.

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.