Auto Trader Group (LON:AUTO) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Auto Trader Group plc (LON:AUTO) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 783.11 ($10.09) and traded as high as GBX 792 ($10.21). Auto Trader Group shares last traded at GBX 772 ($9.95), with a volume of 1,371,132 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AUTO. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Auto Trader Group in a research note on Tuesday, February 18th. Berenberg Bank reduced their price target on shares of Auto Trader Group from GBX 880 ($11.34) to GBX 830 ($10.70) and set a “hold” rating on the stock in a research report on Thursday, November 7th. Citigroup increased their price target on shares of Auto Trader Group from GBX 881 ($11.36) to GBX 946 ($12.19) and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Shore Capital downgraded 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 864.25 ($11.14).

Auto Trader Group Price Performance

The firm’s 50 day moving average is GBX 783.11 and its 200 day moving average is GBX 822.21. The firm has a market cap of £6.77 billion, a P/E ratio of 27.19, 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 Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 2nd were paid a GBX 3.50 ($0.05) dividend. The ex-dividend date was Thursday, January 2nd. This represents a dividend yield of 0.41%. Auto Trader Group’s payout ratio is currently 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.