Auto Trader Group (LON:AUTO) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Auto Trader Group plc (LON:AUTO) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 783.11 ($10.09) and traded as high as GBX 792 ($10.21). Auto Trader Group shares last traded at GBX 772 ($9.95), with a volume of 1,371,132 shares.

Wall Street Analyst Weigh In

AUTO has been the topic of several recent analyst reports. Citigroup increased their price objective on Auto Trader Group from GBX 881 ($11.36) to GBX 946 ($12.19) and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Berenberg Bank dropped their price target on shares of Auto Trader Group from GBX 880 ($11.34) to GBX 830 ($10.70) and set a “hold” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Auto Trader Group in a research note on Tuesday, February 18th. Finally, Shore Capital downgraded shares of Auto Trader Group to a “sell” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 864.25 ($11.14).

Auto Trader Group Price Performance

The firm has a 50-day simple moving average of GBX 783.11 and a 200-day simple moving average of GBX 822.21. The firm has a market capitalization of £6.77 billion, a PE ratio of 27.19, 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.

Auto Trader Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 2nd were issued a GBX 3.50 ($0.05) dividend. This represents a dividend yield of 0.41%. The ex-dividend date was Thursday, January 2nd. Auto Trader Group’s payout ratio is 35.44%.

About Auto Trader Group

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.