Auto Trader Group (AUTO) Given New GBX 370 Price Target at Deutsche Bank

Auto Trader Group (LON:AUTO) had its target price trimmed by Deutsche Bank from GBX 390 ($5.25) to GBX 370 ($4.98) in a research note released on Monday morning. The brokerage currently has a hold rating on the stock.

AUTO has been the subject of a number of other reports. Credit Suisse Group lowered their price objective on shares of Auto Trader Group from GBX 360 ($4.85) to GBX 330 ($4.44) and set an underperform rating for the company in a research report on Friday, October 27th. Liberum Capital reiterated a buy rating and set a GBX 530 ($7.13) price objective on shares of Auto Trader Group in a research report on Tuesday, November 7th. Numis Securities reiterated a buy rating and set a GBX 520 ($7.00) price objective on shares of Auto Trader Group in a research report on Friday, September 1st. Barclays restated an overweight rating on shares of Auto Trader Group in a research report on Wednesday, October 18th. Finally, restated a buy rating and issued a GBX 520 ($7.00) price target on shares of Auto Trader Group in a research report on Monday, November 13th. Six analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 418.94 ($5.64).

Auto Trader Group (LON AUTO) traded up GBX 2 ($0.03) during midday trading on Monday, hitting GBX 338.70 ($4.56). 4,461,336 shares of the stock traded hands, compared to its average volume of 4,610,000. Auto Trader Group has a 12-month low of GBX 313 ($4.21) and a 12-month high of GBX 445 ($5.99).

The business also recently announced a dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, January 4th will be paid a dividend of GBX 1.90 ($0.03) per share. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, January 4th.

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Auto Trader Group 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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