Auto Trader Group (LON:AUTO) Stock Passes Above 50-Day Moving Average of $592.51

Auto Trader Group plc (LON:AUTO – Get Rating)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 592.51 ($7.22) and traded as high as GBX 597.40 ($7.28). Auto Trader Group shares last traded at GBX 587 ($7.15), with a volume of 5,037,220 shares.

Analyst Ratings Changes

Several brokerages have weighed in on AUTO. Citigroup reaffirmed a “neutral” rating on shares of Auto Trader Group in a research note on Wednesday, February 8th. Numis Securities raised shares of Auto Trader Group to a “buy” rating and set a GBX 749 ($9.13) price objective on the stock in a research note on Thursday, January 19th. Barclays raised shares of Auto Trader Group to an “overweight” rating and set a GBX 750 ($9.14) price objective on the stock in a research note on Monday, January 30th. Finally, Credit Suisse Group decreased their price objective on shares of Auto Trader Group from GBX 441 ($5.37) to GBX 405 ($4.94) and set an “underperform” rating on the stock in a research note on Thursday, February 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Auto Trader Group presently has a consensus rating of “Hold” and a consensus target price of GBX 627.13 ($7.64).

Auto Trader Group Price Performance

The company’s 50 day moving average price is GBX 592.51 and its 200 day moving average price is GBX 570.16. The firm has a market capitalization of £5.40 billion, a P/E ratio of 2,348.00, a PEG ratio of 3.99 and a beta of 0.62. The company has a debt-to-equity ratio of 15.76, a current ratio of 1.61 and a quick ratio of 1.50.

Auto Trader Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 27th. Investors of record on Thursday, January 5th were issued a GBX 2.80 ($0.03) dividend. The ex-dividend date was Thursday, January 5th. This represents a yield of 0.51%. Auto Trader Group’s dividend payout ratio is currently 3,200.00%.

About Auto Trader Group

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Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides 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.