Auto Trader Group (LON:AUTO) Earns “Underweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Auto Trader Group (LON:AUTO) in a research report released on Tuesday morning, MarketBeat.com reports.

Other equities research analysts have also issued reports about the stock. Berenberg Bank dropped their price objective on shares of Auto Trader Group from GBX 880 ($11.10) to GBX 830 ($10.47) and set a “hold” rating on the stock in a report on Thursday, November 7th. Citigroup upped their price target on shares of Auto Trader Group from GBX 881 ($11.11) to GBX 946 ($11.93) and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Shore Capital lowered shares of Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 864.25 ($10.90).

Auto Trader Group Price Performance

Shares of AUTO opened at GBX 780.98 ($9.85) on Tuesday. The firm has a market capitalization of £6.90 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50. Auto Trader Group has a 1-year low of GBX 666 ($8.40) and a 1-year high of GBX 899 ($11.34). The company’s fifty day moving average price is GBX 790.14 and its 200-day moving average price is GBX 824.06.

Auto Trader Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd were issued a GBX 3.50 ($0.04) dividend. This represents a yield of 0.41%. The ex-dividend date of this dividend was Thursday, January 2nd. Auto Trader Group’s payout ratio is 35.44%.

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.