Auto Trader Group (LON:AUTO) Price Target Raised to GBX 770

Auto Trader Group (LON:AUTO) had its target price raised by equities research analysts at JPMorgan Chase & Co. from GBX 765 to GBX 770 in a research note issued on Friday, MarketBeat.com reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 2.50% from the stock’s current price.

Auto Trader Group Stock Down 5.9%

AUTO stock traded down GBX 47.40 during trading on Friday, reaching GBX 751.20. 2,651,634 shares of the company traded hands, compared to its average volume of 5,668,395. The business has a 50 day simple moving average of GBX 785.19 and a 200 day simple moving average of GBX 813.68. Auto Trader Group has a 12 month low of GBX 706 and a 12 month high of GBX 920. 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 company has a market capitalization of £6.48 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Auto Trader Group (LON:AUTO) last posted its quarterly earnings data on Thursday, November 6th. The company reported GBX 17.26 earnings per share for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. On average, equities research analysts anticipate that Auto Trader Group will post 32.7973074 earnings per share for the current fiscal year.

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.