Auto Trader Group (LON:AUTO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Auto Trader Group (LON:AUTO) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from GBX 688 ($8.77) to GBX 746 ($9.51) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 11.72% from the company’s previous close.

A number of other research analysts have also issued reports on AUTO. Berenberg Bank reduced their price target on Auto Trader Group from GBX 880 ($11.22) to GBX 830 ($10.58) and set a “hold” rating for the company in a research report on Thursday, November 7th. Shore Capital lowered Auto Trader Group to a “sell” rating in a research report on Thursday, November 7th.

Auto Trader Group Trading Up 0.8 %

LON:AUTO opened at GBX 845 ($10.77) on Thursday. Auto Trader Group has a 12-month low of GBX 666 ($8.49) and a 12-month high of GBX 899 ($11.46). The firm has a market capitalization of £7.56 billion, a P/E ratio of 3,017.86, a P/E/G 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. The business has a 50 day simple moving average of GBX 846.14 and a 200 day simple moving average of GBX 827.95.

Auto Trader Group Company Profile

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.