Auto Trader Group (AUTO) Receives “Add” Rating from Peel Hunt

Peel Hunt reissued their add rating on shares of Auto Trader Group (LON:AUTO) in a report published on Thursday.

Several other research firms have also issued reports on AUTO. Barclays lowered Auto Trader Group to an equal weight rating and boosted their price target for the company from GBX 435 ($5.68) to GBX 460 ($6.01) in a report on Tuesday, September 25th. Credit Suisse Group reissued an underperform rating on shares of Auto Trader Group in a report on Thursday, August 23rd. UBS Group lowered Auto Trader Group to a neutral rating and boosted their price target for the company from GBX 425 ($5.55) to GBX 445 ($5.81) in a report on Tuesday, September 4th. Shore Capital reissued a hold rating on shares of Auto Trader Group in a report on Thursday, August 16th. Finally, Liberum Capital reissued a buy rating on shares of Auto Trader Group in a report on Thursday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Auto Trader Group currently has an average rating of Hold and a consensus target price of GBX 419 ($5.47).

LON:AUTO traded up GBX 6.20 ($0.08) during mid-day trading on Thursday, hitting GBX 447 ($5.84). 3,103,639 shares of the company traded hands, compared to its average volume of 5,830,000. Auto Trader Group has a one year low of GBX 313 ($4.09) and a one year high of GBX 445 ($5.81).

The firm also recently disclosed a dividend, which will be paid on Friday, January 25th. Stockholders of record on Thursday, January 3rd will be paid a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 0.48%. The ex-dividend date is Thursday, January 3rd.

In related news, insider Trevor Mather sold 48,753 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of GBX 433 ($5.66), for a total transaction of £211,100.49 ($275,840.18).

About Auto Trader Group

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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