Auto Trader Group PLC (AUTO) Stock Rating Reaffirmed by Barclays PLC

Auto Trader Group PLC (LON:AUTO)‘s stock had its “overweight” rating reiterated by analysts at Barclays PLC in a research report issued on Monday.

Several other analysts have also issued reports on AUTO. Investec restated a “buy” rating and set a GBX 450 ($5.92) target price on shares of Auto Trader Group PLC in a research report on Thursday. Deutsche Bank AG restated a “hold” rating and set a GBX 390 ($5.13) target price on shares of Auto Trader Group PLC in a research report on Friday. J P Morgan Chase & Co restated an “underweight” rating on shares of Auto Trader Group PLC in a research report on Friday. Credit Suisse Group cut their target price on shares of Auto Trader Group PLC from GBX 360 ($4.73) to GBX 330 ($4.34) and set an “underperform” rating for the company in a research report on Friday, October 27th. Finally, Shore Capital restated a “hold” rating on shares of Auto Trader Group PLC in a research report on Thursday. Six analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 428.31 ($5.63).

Shares of Auto Trader Group PLC (LON:AUTO) opened at GBX 332.40 ($4.37) on Monday. Auto Trader Group PLC has a 12-month low of GBX 329.40 ($4.33) and a 12-month high of GBX 445 ($5.85).

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Auto Trader Group PLC Company Profile

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.

Analyst Recommendations for Auto Trader Group PLC (LON:AUTO)

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