Auto Trader Group PLC (AUTO) Earns Hold Rating from Deutsche Bank AG

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Auto Trader Group PLC (LON:AUTO)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued on Tuesday. They currently have a GBX 400 ($5.33) target price on the stock. Deutsche Bank AG’s price target points to a potential upside of 1.47% from the company’s previous close.
AUTO has been the subject of a number of other research reports. Barclays PLC reduced their target price on Auto Trader Group PLC from GBX 420 ($5.59) to GBX 340 ($4.53) and set an “equal weight” rating for the company in a report on Monday, July 4th. Bank of America Corp. started coverage on Auto Trader Group PLC in a report on Friday, September 2nd. They issued a “buy” rating and a GBX 500 ($6.66) target price for the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 406 ($5.41) target price on shares of Auto Trader Group PLC in a report on Monday, June 27th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 445 ($5.93) target price on shares of Auto Trader Group PLC in a report on Tuesday, August 16th. Finally, Canaccord Genuity started coverage on Auto Trader Group PLC in a report on Thursday, July 7th. They issued a “buy” rating and a GBX 395 ($5.26) target price for the company. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 430.23 ($5.73).
Shares of Auto Trader Group PLC (LON:AUTO) traded down 2.45% on Tuesday, hitting GBX 394.20. 1,505,957 shares of the stock traded hands. The company’s market cap is GBX 3.94 billion. Auto Trader Group PLC has a 12 month low of GBX 307.80 and a 12 month high of GBX 455.00. The firm’s 50 day moving average is GBX 381.08 and its 200-day moving average is GBX 378.41.

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In related news, insider Keens,David W acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The stock was purchased at an average price of GBX 358 ($4.77) per share, for a total transaction of £89,500 ($119,206.18).
Auto Trader Group PLC Company Profile
Auto Trader Group plc is a United Kingdom-based digital automotive company. The Company is engaged in the business of buying and selling vehicles. The Company also has operations in Ireland.

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