Auto Trader Group (LON:AUTO) had its price target raised by UBS Group from GBX 445 ($5.81) to GBX 510 ($6.66) in a research note issued to investors on Tuesday, February 5th, www.digitallook.com reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 7.03% from the stock’s current price.
Several other equities research analysts also recently weighed in on the company. Peel Hunt downgraded Auto Trader Group to an “add” rating and decreased their price target for the stock from GBX 510 ($6.66) to GBX 500 ($6.53) in a report on Thursday, January 24th. Goldman Sachs Group increased their price objective on Auto Trader Group from GBX 428 ($5.59) to GBX 482 ($6.30) and gave the stock a “neutral” rating in a research report on Monday, January 14th. Jefferies Financial Group initiated coverage on Auto Trader Group in a research report on Wednesday, January 9th. They issued a “hold” rating and a GBX 450 ($5.88) price objective for the company. Liberum Capital reiterated a “buy” rating on shares of Auto Trader Group in a research report on Wednesday, January 2nd. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Auto Trader Group in a research report on Wednesday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 437.36 ($5.71).
Shares of LON AUTO traded up GBX 0.80 ($0.01) during mid-day trading on Tuesday, hitting GBX 476.50 ($6.23). 3,200,921 shares of the company were exchanged, compared to its average volume of 5,830,000. Auto Trader Group has a 1-year low of GBX 313 ($4.09) and a 1-year high of GBX 445 ($5.81).
In related news, insider Trevor Mather sold 460,000 shares of the stock in a transaction on Monday, January 28th. The stock was sold at an average price of GBX 452 ($5.91), for a total transaction of £2,079,200 ($2,716,843.07).
Auto Trader Group Company Profile
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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