Auto Trader Group’s (AUTO) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Auto Trader Group (LON:AUTO) in a research note issued to investors on Thursday, Marketbeat reports. JPMorgan Chase & Co. currently has a GBX 746 ($9.67) price target on the stock.

Separately, Citigroup increased their target price on Auto Trader Group from GBX 881 ($11.42) to GBX 946 ($12.27) and gave the company a “neutral” rating in a report on Thursday, January 23rd. Two equities research 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, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 864.25 ($11.21).

Auto Trader Group Stock Performance

LON AUTO opened at GBX 754.20 ($9.78) on Thursday. The company has a 50-day simple moving average of GBX 776.87 and a two-hundred day simple moving average of GBX 817.73. Auto Trader Group has a 12-month low of GBX 666 ($8.64) and a 12-month high of GBX 899 ($11.66). The firm has a market cap of £6.66 billion, a price-to-earnings ratio of 26.73, 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd were paid 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 (DPR) is 35.44%.

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.