Auto Trader Group (LON:AUTO) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Auto Trader Group plc (LON:AUTO) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 829.03 ($10.20) and traded as low as GBX 776.80 ($9.56). Auto Trader Group shares last traded at GBX 781.20 ($9.61), with a volume of 2,122,242 shares.

Analysts Set New Price Targets

AUTO has been the subject of several recent research reports. Berenberg Bank lowered their target price on shares of Auto Trader Group from GBX 880 ($10.83) to GBX 830 ($10.21) and set a “hold” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Auto Trader Group from GBX 688 ($8.47) to GBX 746 ($9.18) and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Shore Capital downgraded Auto Trader Group to a “sell” rating in a report on Thursday, November 7th.

Auto Trader Group Trading Down 0.6 %

The stock has a market cap of £6.95 billion, a PE ratio of 2,774.29, a PEG ratio of 3.99 and a beta of 0.78. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26. The stock’s fifty day moving average price is GBX 814.17 and its 200 day moving average price is GBX 828.70.

Auto Trader Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd will be issued a GBX 3.50 ($0.04) dividend. This represents a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, January 2nd. Auto Trader Group’s payout ratio is 3,571.43%.

Auto Trader Group Company Profile

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.