Auto Trader Group (LON:AUTO) Shares Cross Below 200-Day Moving Average – Time to Sell?

Auto Trader Group plc (LON:AUTO) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 829.03 ($10.12) and traded as low as GBX 776.80 ($9.48). Auto Trader Group shares last traded at GBX 781.20 ($9.54), with a volume of 2,122,242 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Berenberg Bank lowered their price target on Auto Trader Group from GBX 880 ($10.74) to GBX 830 ($10.13) and set a “hold” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Auto Trader Group from GBX 688 ($8.40) to GBX 746 ($9.11) and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Shore Capital downgraded shares of Auto Trader Group to a “sell” rating in a research note on Thursday, November 7th.

Auto Trader Group Price Performance

The business has a 50-day moving average of GBX 811.79 and a two-hundred day moving average of GBX 828.44. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The firm has a market cap of £6.92 billion, a P/E ratio of 2,764.29, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Auto Trader Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd will be issued a dividend of GBX 3.50 ($0.04) per share. This represents a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, January 2nd. Auto Trader Group’s dividend payout ratio (DPR) is currently 3,571.43%.

Auto Trader Group Company Profile

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.