Auto Trader Group (LON:AUTO) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

by · The Markets Daily

Auto Trader Group plc (LON:AUTO – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 831.66 ($10.43) and traded as low as GBX 784.20 ($9.84). Auto Trader Group shares last traded at GBX 793.80 ($9.96), with a volume of 421,006 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Shore Capital downgraded Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on Auto Trader Group from GBX 688 ($8.63) to GBX 746 ($9.36) and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Berenberg Bank cut their target price on shares of Auto Trader Group from GBX 880 ($11.04) to GBX 830 ($10.41) and set a “hold” rating on the stock in a report on Thursday, November 7th.

Read Our Latest Analysis on AUTO

Auto Trader Group Stock Up 1.2 %

The company has a market capitalization of £7.10 billion, a P/E ratio of 2,835.00, a PEG ratio of 3.99 and a beta of 0.78. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50. The company has a 50 day moving average of GBX 833.61 and a 200-day moving average of GBX 831.24.

Auto Trader Group Cuts Dividend

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

About Auto Trader Group

(Get Free Report)

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.

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