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

Auto Trader Group (LON:AUTO) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from GBX 688 ($8.77) to GBX 746 ($9.51) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 11.72% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Shore Capital cut Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Berenberg Bank dropped their target price on Auto Trader Group from GBX 880 ($11.22) to GBX 830 ($10.58) and set a “hold” rating for the company in a report on Thursday, November 7th.

Auto Trader Group Price Performance

Shares of LON:AUTO opened at GBX 845 ($10.77) on Thursday. The business has a 50 day moving average price of GBX 846.14 and a 200 day moving average price of GBX 827.95. Auto Trader Group has a twelve month low of GBX 666 ($8.49) and a twelve month high of GBX 899 ($11.46). The company has a market cap of £7.56 billion, a price-to-earnings ratio of 3,017.86, a PEG ratio of 3.99 and a beta of 0.78. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26.

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.