Auto Trader Group (LON:AUTO) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Auto Trader Group plc (LON:AUTO)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 809.67 ($10.44) and traded as low as GBX 743.20 ($9.59). Auto Trader Group shares last traded at GBX 764.31 ($9.86), with a volume of 2,050,397 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AUTO shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 746 ($9.62) target price on shares of Auto Trader Group in a research note on Thursday, March 20th. Citigroup increased their price objective on shares of Auto Trader Group from GBX 881 ($11.36) to GBX 946 ($12.20) and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 864.25 ($11.15).

Auto Trader Group Stock Down 0.7 %

The stock has a market cap of £6.75 billion, a PE ratio of 27.09, a PEG ratio of 3.99 and a beta of 0.78. The company has a 50 day moving average price of GBX 770.53 and a two-hundred day moving average price of GBX 809.67. 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 firm also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd were given a dividend of GBX 3.50 ($0.05) per share. This represents a dividend yield of 0.41%. The ex-dividend date was Thursday, January 2nd. Auto Trader Group’s dividend payout ratio is 35.44%.

Insider Buying and Selling

In other news, insider Nathan Coe sold 2,083,252 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of GBX 386 ($4.98), for a total value of £8,041,352.72 ($10,373,262.02). 1.04% of the stock is currently owned by company insiders.

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.