Auto Trader Group (AUTO) Price Target Increased to GBX 420 by Analysts at Deutsche Bank

Auto Trader Group (LON:AUTO) had its price target lifted by Deutsche Bank from GBX 395 ($5.16) to GBX 420 ($5.49) in a report released on Friday. Deutsche Bank currently has a hold rating on the stock.

A number of other equities analysts also recently issued reports on the company. Peel Hunt restated an add rating on shares of Auto Trader Group in a research report on Thursday. Liberum Capital restated a buy rating on shares of Auto Trader Group in a research report on Thursday. Shore Capital reaffirmed a hold rating on shares of Auto Trader Group in a research note on Thursday. UBS Group raised Auto Trader Group to a buy rating and set a GBX 445 ($5.81) target price for the company in a research note on Wednesday, October 31st. Finally, Barclays raised their target price on Auto Trader Group from GBX 380 ($4.97) to GBX 395 ($5.16) and gave the stock a hold rating in a research note on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Auto Trader Group has an average rating of Hold and a consensus target price of GBX 414.40 ($5.41).

Shares of AUTO traded up GBX 6.20 ($0.08) during mid-day trading on Friday, reaching GBX 447 ($5.84). 4,584,064 shares of the company were exchanged, compared to its average volume of 5,830,000. Auto Trader Group has a 52 week low of GBX 313 ($4.09) and a 52 week high of GBX 445 ($5.81).

The firm also recently announced a dividend, which will be paid on Friday, January 25th. Investors of record on Thursday, January 3rd will be paid a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date is Thursday, January 3rd. This represents a yield of 0.48%.

In related news, insider Trevor Mather sold 48,753 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of GBX 433 ($5.66), for a total transaction of £211,100.49 ($275,840.18).

Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.

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Analyst Recommendations for Auto Trader Group (LON:AUTO)

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