Auto Trader Group PLC (LON:AUTO) had its price objective trimmed by J P Morgan Chase & Co from GBX 353 ($4.64) to GBX 323 ($4.25) in a research report sent to investors on Friday morning, MarketBeat reports. The brokerage currently has an underweight rating on the stock.
A number of other equities research analysts have also issued reports on the stock. Shore Capital Group Limited reaffirmed a hold rating on shares of Auto Trader Group PLC in a report on Friday, November 3rd. reissued a buy rating and set a GBX 450 ($5.92) price target on shares of Auto Trader Group PLC in a research report on Thursday, November 9th. reissued a buy rating and set a GBX 450 ($5.92) price target on shares of Auto Trader Group PLC in a research report on Thursday, November 9th. reissued a buy rating and set a GBX 520 ($6.84) price target on shares of Auto Trader Group PLC in a research report on Monday, November 13th. Finally, Numis Securities Ltd reissued a buy rating and set a GBX 520 ($6.84) price target on shares of Auto Trader Group PLC in a research report on Monday, November 13th. Six analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 430.06 ($5.66).
Shares of Auto Trader Group PLC (LON AUTO) opened at GBX 318.99 ($4.20) on Friday. Auto Trader Group PLC has a 1-year low of GBX 313 ($4.12) and a 1-year high of GBX 445 ($5.85).
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About Auto Trader Group PLC
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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