Breaking: JP Morgan Cazenove Maintains GBX 328.00 Price Target On Auto Trader Group (LON:AUTO) Shares, Maintains Their Original Underweight Rating

July 13, 2018 - By Sonya McDaniel

Auto Trader Group plc (LON:AUTO) Logo

Auto Trader Group (LON:AUTO) Rating Reaffirmed

In analysts note shared with investors and clients this morning, JP Morgan Cazenove kept their Underweight rating on Auto Trader Group (LON:AUTO) shares. The target gives a possible downside of -23.06 % from company’s close price.

Auto Trader Group plc (LON:AUTO) Ratings Coverage

Among 13 analysts covering Auto Trader Group Plc (LON:AUTO), 6 have Buy rating, 2 Sell and 5 Hold. Therefore 46% are positive. Auto Trader Group Plc has GBX 523 highest and GBX 326 lowest target. GBX 404.92’s average target is -5.02% below currents GBX 426.3 stock price. Auto Trader Group Plc had 40 analyst reports since January 15, 2018 according to SRatingsIntel. As per Thursday, June 7, the company rating was maintained by Shore Capital. Berenberg upgraded it to “Hold” rating and GBX 365 target in Friday, June 8 report. Credit Suisse maintained the stock with “Underperform” rating in Friday, May 4 report. The firm has “Buy” rating by Peel Hunt given on Wednesday, January 17. The company was maintained on Friday, June 8 by JP Morgan. Numis Securities maintained the stock with “Buy” rating in Thursday, June 7 report. The stock of Auto Trader Group plc (LON:AUTO) earned “Overweight” rating by Barclays Capital on Monday, January 29. Peel Hunt maintained the stock with “Add” rating in Thursday, June 7 report. As per Tuesday, July 3, the company rating was maintained by Peel Hunt. Numis Securities maintained the shares of AUTO in report on Thursday, April 12 with “Buy” rating.

The stock decreased 1.41% or GBX 6.1 during the last trading session, reaching GBX 426.3. About 2.02M shares traded. Auto Trader Group plc (LON:AUTO) has 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Auto Trader Group plc (LON:AUTO) to report earnings on August, 2. They expect $-0.10 EPS, down 190.91 % or $0.21 from last year’s $0.11 per share. After $-0.20 actual EPS reported by Auto Trader Group plc for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company has market cap of 4.04 billion GBP. It offers services and products to retailers and home traders to support its online activities. It has a 24.08 P/E ratio. The firm provides vehicle advertisement on its Websites for private sellers; and display advertising on its Websites for manufacturers and their advertising agencies, as well as insurance and loan financing products to consumers.

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