Auto Trader Group’s (AUTO) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Auto Trader Group (LON:AUTO) in a research report report published on Thursday, MarketBeat reports. They currently have a GBX 746 ($9.63) price target on the stock.

Separately, Citigroup lifted their target price on Auto Trader Group from GBX 881 ($11.38) to GBX 946 ($12.21) and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 864.25 ($11.16).

Auto Trader Group Stock Down 1.9 %

AUTO opened at GBX 739.80 ($9.55) on Thursday. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The business’s fifty day moving average is GBX 776.18 and its two-hundred day moving average is GBX 816.82. The company has a market cap of £6.53 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.99 and a beta of 0.78. Auto Trader Group has a one year low of GBX 666 ($8.60) and a one year high of GBX 899 ($11.61).

Auto Trader Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd were given a GBX 3.50 ($0.05) dividend. This represents a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, January 2nd. Auto Trader Group’s 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.