Auto Trader Group (LON:AUTO) Given New GBX 830 Price Target at Berenberg Bank

Auto Trader Group (LON:AUTO) had its price objective reduced by equities research analysts at Berenberg Bank from GBX 880 ($11.46) to GBX 830 ($10.80) in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 7.12% from the company’s previous close.

Separately, Shore Capital lowered Auto Trader Group to a “sell” rating in a report on Thursday.

Auto Trader Group Stock Down 1.0 %

Auto Trader Group stock traded down GBX 8.20 ($0.11) during trading hours on Thursday, hitting GBX 774.80 ($10.09). The company had a trading volume of 10,282,508 shares, compared to its average volume of 3,430,791. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50. Auto Trader Group has a fifty-two week low of GBX 646 ($8.41) and a fifty-two week high of GBX 899 ($11.70). The firm’s fifty day moving average is GBX 865.99 and its 200-day moving average is GBX 814.21. The firm has a market capitalization of £6.93 billion, a P/E ratio of 2,767.14, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Insider Buying and Selling at Auto Trader Group

In other news, insider Jamie Warner sold 54,487 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of GBX 824 ($10.73), for a total transaction of £448,972.88 ($584,447.90). Insiders own 1.04% of the company’s stock.

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides 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.