Berenberg Bank Has Lowered Expectations for Auto Trader Group (LON:AUTO) Stock Price

Auto Trader Group (LON:AUTO) had its price target trimmed by Berenberg Bank from GBX 880 ($11.46) to GBX 830 ($10.80) in a research report report published on Thursday, MarketBeat.com reports. The brokerage currently has a hold rating on the stock.

Separately, Shore Capital lowered Auto Trader Group to a “sell” rating in a research report on Thursday.

Auto Trader Group Trading Down 0.7 %

Shares of LON:AUTO opened at GBX 777.60 ($10.12) on Thursday. The business’s 50-day moving average is GBX 864.63 and its 200 day moving average is GBX 813.95. Auto Trader Group has a 1 year low of GBX 646 ($8.41) and a 1 year high of GBX 899 ($11.70). The firm has a market capitalization of £6.96 billion, a P/E ratio of 2,777.14, 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.

Auto Trader Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd will be issued a GBX 3.50 ($0.05) dividend. This represents a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, January 2nd. Auto Trader Group’s dividend payout ratio is presently 3,571.43%.

Insider Activity

In other news, insider Jamie Warner sold 54,487 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of GBX 824 ($10.73), for a total value of £448,972.88 ($584,447.90). Corporate insiders own 1.04% of the company’s stock.

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.