Auto Trader Group (LON:AUTO) Receives “Buy” Rating from Deutsche Bank

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Deutsche Bank reiterated their buy rating on shares of Auto Trader Group (LON:AUTO) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently commented on AUTO. Shore Capital reiterated a hold rating on shares of Auto Trader Group in a research note on Thursday, June 25th. Royal Bank of Canada reduced their price objective on shares of Auto Trader Group from GBX 530 ($6.52) to GBX 460 ($5.66) and set a sector performer rating for the company in a research note on Wednesday, April 15th. Goldman Sachs Group reduced their price objective on shares of Auto Trader Group from GBX 653 ($8.04) to GBX 557 ($6.85) and set a buy rating for the company in a research note on Wednesday, April 1st. Morgan Stanley reduced their price objective on shares of Auto Trader Group from GBX 600 ($7.38) to GBX 570 ($7.01) and set an overweight rating for the company in a research note on Monday, May 25th. Finally, Credit Suisse Group raised their price objective on shares of Auto Trader Group from GBX 375 ($4.61) to GBX 440 ($5.41) and gave the company an underperform rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 526.07 ($6.47).

Shares of LON:AUTO opened at GBX 535 ($6.58) on Friday. The company has a quick ratio of 1.94, a current ratio of 2.01 and a debt-to-equity ratio of 351.73. Auto Trader Group has a fifty-two week low of GBX 308.60 ($3.80) and a fifty-two week high of GBX 747 ($9.19). The firm’s 50-day simple moving average is GBX 531.25 and its 200-day simple moving average is GBX 518.56. The company has a market cap of $5.28 billion and a price-to-earnings ratio of 23.90.

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.

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Analyst Recommendations for Auto Trader Group (LON:AUTO)

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