JPMorgan Chase & Co. Issues Pessimistic Forecast for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its target price lowered by JPMorgan Chase & Co. from GBX 630 to GBX 515 in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 7.09% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Citigroup cut their price objective on shares of Auto Trader Group from GBX 924 to GBX 880 and set a “buy” rating for the company in a research report on Friday, November 28th. Berenberg Bank decreased their price target on Auto Trader Group from GBX 830 to GBX 665 and set a “buy” rating on the stock in a research note on Friday, January 9th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Auto Trader Group currently has an average rating of “Hold” and a consensus target price of GBX 686.67.

Auto Trader Group Price Performance

Shares of Auto Trader Group stock traded down GBX 2.60 on Thursday, hitting GBX 480.90. 544,232,875 shares of the company were exchanged, compared to its average volume of 45,586,699. Auto Trader Group has a 1-year low of GBX 454.54 and a 1-year high of GBX 920. The company has a quick ratio of 1.50, a current ratio of 1.77 and a debt-to-equity ratio of 10.48. The stock has a market capitalization of £4.00 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 3.99 and a beta of 0.71. The company has a 50-day moving average price of GBX 510.88 and a 200 day moving average price of GBX 640.65.

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.