Societe Generale Begins Coverage on Auto Trader Group (LON:AUTO)

Societe Generale started coverage on shares of Auto Trader Group (LON:AUTO) in a research note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage issued a hold rating and a GBX 615 ($8.09) price target on the stock.

AUTO has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on shares of Auto Trader Group from GBX 452 ($5.95) to GBX 494 ($6.50) and gave the company an underweight rating in a research note on Wednesday, January 22nd. Royal Bank of Canada lifted their price objective on shares of Auto Trader Group from GBX 485 ($6.38) to GBX 530 ($6.97) and gave the stock a sector performer rating in a research note on Friday, November 8th. Peel Hunt reissued an add rating on shares of Auto Trader Group in a research note on Thursday, February 6th. Barclays lifted their price objective on shares of Auto Trader Group from GBX 490 ($6.45) to GBX 500 ($6.58) and gave the stock an equal weight rating in a research note on Thursday, January 30th. Finally, Liberum Capital reissued a buy rating on shares of Auto Trader Group in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Auto Trader Group presently has an average rating of Hold and an average price target of GBX 582.63 ($7.66).

AUTO opened at GBX 589 ($7.75) on Wednesday. The stock has a market capitalization of $5.42 billion and a price-to-earnings ratio of 26.41. The company has a fifty day moving average of GBX 581.12 and a 200 day moving average of GBX 548.69. Auto Trader Group has a fifty-two week low of GBX 449.80 ($5.92) and a fifty-two week high of GBX 613.80 ($8.07). The company has a debt-to-equity ratio of 351.73, a quick ratio of 1.94 and a current ratio of 2.01.

Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.

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Analyst Recommendations for Auto Trader Group (LON:AUTO)

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