Auto Trader Group Plc (LON:AUTO) target bumped up to 456.00GBX, issued a ratings update today by Canaccord Genuity
- Updated: September 27, 2016
In a report released on Wednesday September 28, 2016 Canaccord Genuity bumped up the target of Auto Trader Group Plc (LON:AUTO) from 395.00GBX to 456.00GBX stating a potential upside of 0.13%.
Previously on Tuesday September 20, 2016, Numis reported on Auto Trader Group Plc (LON:AUTO) held steady the target price at 495.00GBX. At the time, this indicated a possible upside of 0.22%.
Just yesterday Auto Trader Group Plc (LON:AUTO) traded 2.30% higher at 403.20GBX. Auto Trader Group Plc’s 50-day moving average is 392.12GBX and its 200-day moving average is 381.44GBX. The last closing price is up 5.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 535,643 shares of AUTO traded, down from an average trading volume of 3,360,870
With a total market value of 0 GBX, Auto Trader Group Plc has price-earnings ratio of 32.08 with a one year low of 307.80GBX and a one year high of 455.00GBX .
A total of 14 equity analysts have released a research note on AUTO. Four equity analysts rating the company a strong buy, four equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 425.50GBX.
More About Auto Trader Group Plc (LON:AUTO)
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company's Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company's Websites. Its subsidiaries include Auto Trader Holding Limited, Trader Licensing Limited and Webzone Limited.
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