Peel Hunt Reaffirms Buy Rating for Auto Trader Group (LON:AUTO)
Auto Trader Group (LON:AUTO)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a research report issued on Thursday, January 4th. They currently have a GBX 400 ($5.62) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 12.17% from the company’s current price.
Other equities analysts have also issued reports about the company. Shore Capital Group reiterated a “hold” rating on shares of Auto Trader Group in a research note on Friday, November 3rd. restated a “buy” rating and set a GBX 450 ($6.32) price target on shares of Auto Trader Group in a research note on Thursday, November 9th. restated a “buy” rating and set a GBX 450 ($6.32) price target on shares of Auto Trader Group in a research note on Thursday, November 9th. Panmure Gordon restated a “buy” rating and set a GBX 395 ($5.55) price target on shares of Auto Trader Group in a research note on Thursday, November 9th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Auto Trader Group in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 403.12 ($5.66).
Auto Trader Group (LON AUTO) traded up GBX 1.30 ($0.02) during trading on Thursday, reaching GBX 356.60 ($5.01). The company had a trading volume of 2,675,539 shares, compared to its average volume of 2,610,000. The firm has a market capitalization of $3,430.00 and a price-to-earnings ratio of 2,097.65. Auto Trader Group has a 52-week low of GBX 313 ($4.40) and a 52-week high of GBX 445 ($6.25).
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.
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