Auto Trader Group (LON:AUTO) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Auto Trader Group plc (LON:AUTO) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 830.09 ($10.39) and traded as low as GBX 783.80 ($9.81). Auto Trader Group shares last traded at GBX 793 ($9.92), with a volume of 560,911 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on AUTO shares. Shore Capital cut Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Berenberg Bank lowered their target price on Auto Trader Group from GBX 880 ($11.01) to GBX 830 ($10.39) and set a “hold” rating for the company in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on Auto Trader Group from GBX 688 ($8.61) to GBX 746 ($9.33) and gave the stock an “underweight” rating in a report on Thursday, December 5th.

Auto Trader Group Stock Performance

The firm has a market capitalization of £7.06 billion, a PE ratio of 2,820.00, 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. The stock has a 50-day moving average price of GBX 824.84 and a 200-day moving average price of GBX 830.09.

Auto Trader Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd will be given a GBX 3.50 ($0.04) dividend. This represents a dividend yield of 0.41%. The ex-dividend date is Thursday, January 2nd. Auto Trader Group’s payout ratio is 3,571.43%.

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.