Auto Trader Group (LON:AUTO) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of Auto Trader Group plc (LON:AUTO) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 844.04 ($11.05) and traded as high as GBX 860 ($11.26). Auto Trader Group shares last traded at GBX 856.80 ($11.21), with a volume of 1,293,693 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their price target on Auto Trader Group from GBX 830 ($10.86) to GBX 935 ($12.24) and gave the stock a “buy” rating in a report on Tuesday, July 2nd.

Auto Trader Group Price Performance

The firm has a market cap of £7.69 billion, a price-to-earnings ratio of 3,060.00, a PEG ratio of 3.99 and a beta of 0.78. The company’s fifty day moving average is GBX 844.04 and its 200 day moving average is GBX 789.32. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26.

Insider Buying and Selling at Auto Trader Group

In related news, insider Jamie Warner sold 54,487 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of GBX 824 ($10.78), for a total transaction of £448,972.88 ($587,583.93). Corporate insiders own 1.04% of the company’s stock.

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.