Barclays PLC Trims Auto Trader Group PLC (AUTO) Target Price to GBX 465

Auto Trader Group PLC (LON:AUTO) had its target price trimmed by Barclays PLC from GBX 470 ($5.99) to GBX 465 ($5.92) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The firm currently has an overweight rating on the stock.

A number of other research analysts have also commented on AUTO. Liberum Capital restated a buy rating and set a GBX 530 ($6.75) price target on shares of Auto Trader Group PLC in a research report on Thursday, March 9th. Credit Suisse Group lowered shares of Auto Trader Group PLC to an underperform rating and reduced their price target for the company from GBX 390 ($4.97) to GBX 360 ($4.59) in a research report on Friday, March 10th. Deutsche Bank AG boosted their price target on shares of Auto Trader Group PLC from GBX 400 ($5.10) to GBX 435 ($5.54) and gave the company a hold rating in a research report on Friday, March 31st. Finally, Berenberg Bank initiated coverage on shares of Auto Trader Group PLC in a research report on Wednesday, May 17th. They set a sell rating and a GBX 350 ($4.46) price target for the company. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. Auto Trader Group PLC presently has a consensus rating of Buy and an average price target of GBX 454.43 ($5.79).

Analyst Recommendations for Auto Trader Group PLC (LON:AUTO)

Shares of Auto Trader Group PLC (LON AUTO) opened at 389.20 on Wednesday. The firm’s 50-day moving average price is GBX 412.01 and its 200 day moving average price is GBX 400.89. Auto Trader Group PLC has a 1-year low of GBX 307.80 and a 1-year high of GBX 445.00. The company’s market capitalization is GBX 3.79 billion.

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The firm also recently declared a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a GBX 3.50 ($0.04) dividend. The ex-dividend date is Thursday, August 31st. This is an increase from Auto Trader Group PLC’s previous dividend of $1.70. This represents a yield of 0.84%.

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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