Auto Trader Group plc (LON:AUTO – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Shore Capital cut shares of Auto Trader Group to a “sell” rating in a research note on Thursday, November 7th. Berenberg Bank dropped their target price on 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Auto Trader Group from GBX 688 ($8.47) to GBX 746 ($9.18) and gave the company an “underweight” rating in a research note on Thursday, December 5th.
Read Our Latest Report on Auto Trader Group
Auto Trader Group Trading Down 0.6 %
Auto Trader Group Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 2nd will be issued a GBX 3.50 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 0.41%. Auto Trader Group’s dividend payout ratio is presently 3,571.43%.
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.
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