Auto Trader Group PLC (AUTO) Given Average Recommendation of “Buy” by Analysts

Shares of Auto Trader Group PLC (LON:AUTO) have received an average rating of “Buy” from the thirteen brokerages that are covering the stock. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 456.31 ($5.73).

Several brokerages have issued reports on AUTO. Liberum Capital reissued a “buy” rating and set a GBX 530 ($6.66) target price on shares of Auto Trader Group PLC in a research note on Wednesday, March 22nd. Goldman Sachs Group Inc reissued a “buy” rating and set a GBX 468 ($5.88) target price on shares of Auto Trader Group PLC in a research note on Friday, January 13th. Credit Suisse Group AG downgraded shares of Auto Trader Group PLC to an “underperform” rating and cut their target price for the company from GBX 390 ($4.90) to GBX 360 ($4.52) in a research note on Friday, March 10th. Peel Hunt reissued a “buy” rating and set a GBX 445 ($5.59) target price on shares of Auto Trader Group PLC in a research note on Thursday, January 5th. Finally, BNP Paribas downgraded shares of Auto Trader Group PLC to a “sell” rating and set a GBX 490 ($6.16) target price on the stock. in a research note on Monday, January 16th.

Shares of Auto Trader Group PLC (LON:AUTO) traded down 0.33% during mid-day trading on Monday, reaching GBX 391.00. 2,789,102 shares of the company were exchanged. Auto Trader Group PLC has a 12 month low of GBX 307.80 and a 12 month high of GBX 425.20. The company’s market capitalization is GBX 3.86 billion. The firm’s 50-day moving average is GBX 396.87 and its 200-day moving average is GBX 394.33.

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About Auto Trader Group PLC

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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