Auto Trader Group PLC (AUTO) Rating Reiterated by Shore Capital

Auto Trader Group PLC (LON:AUTO)‘s stock had its “hold” rating reiterated by research analysts at Shore Capital in a research report issued to clients and investors on Friday.

Other analysts also recently issued research reports about the stock. Macquarie reissued an “underperform” rating and set a GBX 360 ($4.75) price target on shares of Auto Trader Group PLC in a research report on Thursday, July 6th. Deutsche Bank AG decreased their price objective on shares of Auto Trader Group PLC from GBX 435 ($5.74) to GBX 390 ($5.15) and set a “hold” rating for the company in a report on Tuesday, October 24th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 465 ($6.14) price objective on shares of Auto Trader Group PLC in a report on Thursday, September 28th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 520 ($6.86) price objective on shares of Auto Trader Group PLC in a report on Friday, September 1st. Finally, Credit Suisse Group decreased their price objective on shares of Auto Trader Group PLC from GBX 360 ($4.75) to GBX 330 ($4.35) and set an “underperform” rating for the company in a report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Auto Trader Group PLC has a consensus rating of “Hold” and an average target price of GBX 438.38 ($5.78).

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Auto Trader Group PLC Company Profile

Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.

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