Auto Trader Group (LON:AUTO) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Auto Trader Group plc (LON:AUTO)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 784.98 ($9.95) and traded as high as GBX 789.80 ($10.01). Auto Trader Group shares last traded at GBX 785.60 ($9.96), with a volume of 1,499,919 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Berenberg Bank lowered their price objective on shares of Auto Trader Group from GBX 880 ($11.15) to GBX 830 ($10.52) and set a “hold” rating for the company in a research note on Thursday, November 7th. Shore Capital cut shares of Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Citigroup upped their price target on Auto Trader Group from GBX 881 ($11.17) to GBX 946 ($11.99) and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Auto Trader Group in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 864.25 ($10.95).

Auto Trader Group Trading Up 0.3 %

The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The stock has a fifty day moving average of GBX 784.98 and a 200 day moving average of GBX 822.92. The company has a market capitalization of £6.95 billion, a P/E ratio of 27.91, a PEG ratio of 3.99 and a beta of 0.78.

Auto Trader Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 2nd were paid a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a dividend yield of 0.41%. Auto Trader Group’s dividend payout ratio (DPR) is presently 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.