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

Auto Trader Group plc (LON:AUTO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 831.66 ($10.43) and traded as low as GBX 784.20 ($9.83). Auto Trader Group shares last traded at GBX 793.80 ($9.95), with a volume of 421,006 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AUTO shares. JPMorgan Chase & Co. increased their price target on Auto Trader Group from GBX 688 ($8.62) to GBX 746 ($9.35) and gave the company an “underweight” rating in a report on Thursday, December 5th. Shore Capital downgraded shares of Auto Trader Group to a “sell” rating in a research note on Thursday, November 7th. Finally, Berenberg Bank dropped their price target on shares of Auto Trader Group from GBX 880 ($11.03) to GBX 830 ($10.40) and set a “hold” rating for the company in a research note on Thursday, November 7th.

Auto Trader Group Stock Performance

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 market capitalization of £7.10 billion, a PE ratio of 2,835.00, a P/E/G ratio of 3.99 and a beta of 0.78. The firm has a fifty day moving average price of GBX 836.26 and a two-hundred day moving average price of GBX 831.66.

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 paid a GBX 3.50 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 0.41%. 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.