Auto Trader Group (LON:AUTO) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Auto Trader Group plc (LON:AUTO)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AUTO shares. Berenberg Bank decreased their price target 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. Shore Capital lowered Auto Trader Group to a “sell” rating in a research report 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 company an “underweight” rating in a research report on Thursday, December 5th.

Auto Trader Group Trading Down 0.4 %

The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26. The firm’s 50 day moving average is GBX 824.84 and its two-hundred day moving average is GBX 830.09. The stock has a market cap of £7.06 billion, a price-to-earnings ratio of 2,820.00, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Auto Trader Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd will be given a dividend of GBX 3.50 ($0.04) per share. 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.