Barclays Reiterates Equal Weight Rating for Auto Trader Group (AUTO)

Share on StockTwits

Barclays reaffirmed their equal weight rating on shares of Auto Trader Group (LON:AUTO) in a research note released on Friday. They currently have a GBX 460 ($6.01) price target on the stock.

A number of other equities analysts have also recently issued reports on AUTO. Peel Hunt reiterated an add rating on shares of Auto Trader Group in a research note on Thursday, August 2nd. Shore Capital reissued a hold rating on shares of Auto Trader Group in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on Auto Trader Group from GBX 326 ($4.26) to GBX 328 ($4.29) and gave the stock an underweight rating in a research report on Friday, July 13th. Liberum Capital reissued a buy rating on shares of Auto Trader Group in a research report on Thursday. Finally, Deutsche Bank boosted their target price on Auto Trader Group from GBX 395 ($5.16) to GBX 420 ($5.49) and gave the stock a hold rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 414.40 ($5.41).

Auto Trader Group stock traded up GBX 6.20 ($0.08) during mid-day trading on Friday, reaching GBX 447 ($5.84). The stock had a trading volume of 4,584,064 shares, compared to its average volume of 5,830,000. Auto Trader Group has a one year low of GBX 313 ($4.09) and a one year high of GBX 445 ($5.81).

The firm also recently declared a dividend, which will be paid on Friday, January 25th. Stockholders of record on Thursday, January 3rd will be given a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 0.48%. The ex-dividend date is Thursday, January 3rd.

In other news, insider Trevor Mather sold 48,753 shares of the company’s stock in a transaction dated 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).

About Auto Trader Group

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.

Featured Article: How Do You Calculate Return on Investment (ROI)?

Analyst Recommendations for Auto Trader Group (LON:AUTO)

Receive News & Ratings for Auto Trader Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auto Trader Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply