Auto Trader Group (LON:AUTO) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Auto Trader Group plc (LON:AUTO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Shore Capital downgraded shares of Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Berenberg Bank decreased their price target on shares of Auto Trader Group from GBX 880 ($10.74) to GBX 830 ($10.13) and set a “hold” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective 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 research report on Thursday, December 5th.

Auto Trader Group Stock Performance

The stock has a 50 day simple moving average of GBX 811.79 and a 200 day simple moving average of GBX 828.44. The stock 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. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26.

Auto Trader Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 2nd will be paid a GBX 3.50 ($0.04) dividend. This represents a yield of 0.41%. The ex-dividend date is Thursday, January 2nd. Auto Trader Group’s dividend payout ratio (DPR) is presently 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.