Auto Trader Group (AUTO) Upgraded to Buy by UBS Group

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UBS Group upgraded shares of Auto Trader Group (LON:AUTO) to a buy rating in a report released on Wednesday, www.lse.co.uk reports. They currently have GBX 445 ($5.81) price objective on the stock.

A number of other analysts have also recently weighed in on AUTO. Peel Hunt restated an add rating on shares of Auto Trader Group in a research note on Tuesday, July 3rd. Barclays boosted their price objective on shares of 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. Shore Capital restated a hold rating on shares of Auto Trader Group in a research note on Thursday, August 16th. JPMorgan Chase & Co. boosted their price objective on shares of Auto Trader Group from GBX 326 ($4.26) to GBX 328 ($4.29) and gave the stock an underweight rating in a research note on Friday, July 13th. Finally, Liberum Capital restated a buy rating and issued a GBX 470 ($6.14) price objective on shares of Auto Trader Group in a research note on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 414.26 ($5.41).

Shares of Auto Trader Group stock traded up GBX 1.30 ($0.02) on Wednesday, reaching GBX 410.90 ($5.37). The stock had a trading volume of 1,373,202 shares, compared to its average volume of 5,830,000. Auto Trader Group has a fifty-two week low of GBX 313 ($4.09) and a fifty-two week high of GBX 445 ($5.81).

In related news, insider Trevor Mather sold 48,753 shares of the business’s stock in a transaction on Monday, September 10th. The shares were 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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