Auto Trader Group (LON:AUTO) Price Target Lowered to GBX 830 at Berenberg Bank

Auto Trader Group (LON:AUTO) had its price target cut by investment analysts at Berenberg Bank from GBX 880 ($11.46) to GBX 830 ($10.80) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 7.12% from the company’s current price.

Separately, Shore Capital lowered shares of Auto Trader Group to a “sell” rating in a research report on Thursday.

Auto Trader Group Stock Performance

Auto Trader Group stock traded down GBX 8.20 ($0.11) during mid-day trading on Thursday, reaching GBX 774.80 ($10.09). 10,282,508 shares of the company were exchanged, compared to its average volume of 3,430,791. The firm’s 50-day simple moving average is GBX 865.99 and its two-hundred day simple moving average is GBX 814.21. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The firm has a market cap of £6.93 billion, a PE ratio of 2,767.14, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. Auto Trader Group has a twelve month low of GBX 646 ($8.41) and a twelve month high of GBX 899 ($11.70).

Insider Transactions at Auto Trader Group

In related news, insider Jamie Warner sold 54,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of GBX 824 ($10.73), for a total transaction of £448,972.88 ($584,447.90). Company insiders own 1.04% of the company’s stock.

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides 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.