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

Auto Trader Group (LON:AUTO)‘s stock had its “underweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday, Marketbeat reports. They presently have a GBX 745 ($10.17) target price on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 8.12% from the company’s current price.

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 830 ($11.33) target price on shares of Auto Trader Group in a research report on Thursday, May 29th.

Auto Trader Group Stock Down 1.3%

Shares of LON AUTO opened at GBX 810.80 ($11.07) on Tuesday. The stock has a market cap of £7.16 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26. Auto Trader Group has a 52-week low of GBX 706 ($9.64) and a 52-week high of GBX 920 ($12.56). The business has a 50-day moving average price of GBX 835.49 and a 200 day moving average price of GBX 795.96.

Auto Trader Group (LON:AUTO) last announced its earnings results on Thursday, May 29th. The company reported GBX 31.66 ($0.43) earnings per share (EPS) for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. Equities research analysts forecast that Auto Trader Group will post 32.7973074 earnings per share for the current year.

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.