Citigroup Forecasts Strong Price Appreciation for Auto Trader Group (LON:AUTO) Stock

Auto Trader Group (LON:AUTO) had its price target increased by equities researchers at Citigroup from GBX 881 ($11.00) to GBX 946 ($11.81) in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 22.86% from the stock’s current price.

A number of other research analysts also recently commented on AUTO. JPMorgan Chase & Co. upped their price objective on Auto Trader Group from GBX 688 ($8.59) to GBX 746 ($9.31) and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Shore Capital lowered shares of Auto Trader Group to a “sell” rating in a research report on Thursday, November 7th. Finally, Berenberg Bank cut their price objective on shares of Auto Trader Group from GBX 880 ($10.99) to GBX 830 ($10.36) and set a “hold” rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Auto Trader Group presently has an average rating of “Hold” and a consensus target price of GBX 864.25 ($10.79).

Auto Trader Group Stock Performance

Shares of AUTO opened at GBX 770 ($9.61) on Thursday. The business’s fifty day moving average price is GBX 802.87 and its 200 day moving average price is GBX 826.59. 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 has a 12-month low of GBX 666 ($8.32) and a 12-month high of GBX 899 ($11.22). The stock has a market capitalization of £6.89 billion, a PE ratio of 2,750.00, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Auto Trader Group (LON:AUTO) last issued its earnings results on Thursday, November 7th. The company reported GBX 15.56 ($0.19) EPS for the quarter. Auto Trader Group had a return on equity of 47.59% and a net margin of 45.00%. Equities research analysts forecast that Auto Trader Group will post 32.7973074 EPS for the current year.

About Auto Trader Group

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.