According to Bloomberg.com, the eight rating agencies currently covering Auto Trader Group plc (LON: AUTO) have indicated that the “Hold” rating is the best option for investors to take regarding the stock. There has been one recommendation to sell the stock of the company, two recommendations to buy the stock, five recommendations to buy the stock, and five recommendations to hold the stock made by various analysts. The consensus price objective for this stock over the next 12 months, as provided by analysts who have provided ratings on the stock in the preceding year, has been set at GBX 628.83 ($7.59).
Recent happenings have piqued the interest of several equity analysts who were previously unaware of the AUTO stock.
In a research note distributed on November 9, Deutsche Bank Aktiengesellschaft lowered both their “buy” rating for Auto Trader Group and their target price for the company. The price objective was reduced from GBX 720 ($8.69) to GBX 700 ($8.45). In a research report released on November 3, Shore Capital recommended “hold” status for investors in Auto Trader Group shares. This recommendation was included in the report. Barclays reaffirmed an “equal weight” rating on the shares of Auto Trader Group and positioned them with a GBX 660 ($7.97) price target in research published on Wednesday, September 7. Barclays also set a price target for the shares of Auto Trader Group. JPMorgan Chase & Co. lowered their price target on Auto Trader Group from GBX 596 ($7.19) to GBX 528 ($6.37) and rated the stock as “underweight” in a report that was distributed on Tuesday, October 18. Last but not least, in a report released on Friday, October 14, Citigroup reaffirmed its “neutral” rating on shares of Auto Trader Group and established a price objective of GBX 530 ($6.40) for the company’s stock.
When trading began on Wednesday, the price of a share of Auto Trader Group was established at GBX 518.20, which is equivalent to $6.25 in American currency. A debt-to-equity ratio comes in at 15.76, a quick ratio comes in at 1.50, a current ratio comes in at 1.61, and a quick ratio comes in at 1.50. The company’s current price-to-earnings ratio is 2,072.80, and the market value of the business is 4.83 billion pounds at the moment. Auto Trader Group has seen a low point over the past 52 weeks of 479.80 British pounds ($5.79) and a high point over the past 52 weeks of 749 British pounds ($9.04). The moving average price of the stock over the previous two hundred days is GBX 577.75, while the moving average price over the previous fifty days is GBX 547.24.
In addition, the corporation has recently announced a dividend, which will be paid out on the subsequent Friday, January 27. Shareholders registered to receive dividends as of January 5 will be eligible to receive a payment of GBX 2.80 ($0.03) as the dividend. This dividend will either be paid out or not on January 5, as that is the date that will be used to make the decision. If we express this as a percentage, we conclude that the dividend yield is 0.51%. There is a payout percentage of 32.80 percent for the Auto Trader Group.
The online marketplace for automobiles across the United Kingdom and Ireland is managed by Auto Trader Group plc, which is responsible for its operation. In addition to providing its customers with various insurance and loan financing options, the company also places display advertisements on its websites to benefit manufacturers and the advertising agencies that work on the manufacturers’ behalf. In addition, it offers advertising for vehicles sold privately by their owners.