Auto Trader Group (LON:AUTO) Lifted to “Neutral” at JPMorgan Chase & Co.

Automobile Trader Group (LON:Vehicle – Get Score) was upgraded by stock analysts at JPMorgan Chase & Co. to a “neutral” rating in a study notice issued to traders on Friday, Marketbeat Ratings experiences. The business presently has a GBX 601 ($7.56) rate concentrate on on the stock, up from their previous rate focus on of GBX 516 ($6.49). JPMorgan Chase & Co.‘s concentrate on rate would recommend a likely upside of 2.63% from the company’s former near.

Other equities investigation analysts have also just lately issued analysis reports about the inventory. Royal Financial institution of Canada restated a “sector perform” ranking and issued a GBX 720 ($9.06) focus on rate on shares of Automobile Trader Team in a report on Thursday, March 24th. Barclays dropped their concentrate on price on shares of Vehicle Trader Team from GBX 725 ($9.12) to GBX 720 ($9.06) and set an “equal weight” ranking on the stock in a report on Tuesday, April 5th. Shore Funds restated a “hold” score on shares of Car Trader Group in a report on Thursday, May well 19th. Deutsche Bank Aktiengesellschaft dropped their price tag focus on on shares of Auto Trader Team from GBX 800 ($10.07) to GBX 720 ($9.06) and established a “buy” ranking on the stock in a investigation take note on Thursday, Could 19th. At last, Morgan Stanley reiterated an “overweight” ranking on shares of Vehicle Trader Group in a research take note on Wednesday, May perhaps 11th. A person expenditure analyst has rated the stock with a sell ranking, 6 have assigned a maintain ranking and 5 have assigned a acquire rating to the firm. In accordance to MarketBeat.com, the stock has a consensus rating of “Hold” and an normal concentrate on selling price of GBX 692.33 ($8.71).

Shares of Vehicle inventory opened at GBX 585.60 ($7.37) on Friday. Automobile Trader Team has a 12-thirty day period lower of GBX 531.20 ($6.68) and a 12-thirty day period significant of GBX 751.40 ($9.46). The firm has a existing ratio of 1.77, a brief ratio of 1.65 and a debt-to-fairness ratio of 2.50. The firm’s 50 day relocating common is GBX 616.96 and its 200 working day going ordinary is GBX 663.22. The stock has a marketplace capitalization of £5.52 billion and a P/E ratio of 28.82.

About Car Trader Group (Get Score)

Auto Trader Team plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It gives its goods to vendors, property traders, and logistics firms vehicle advertisement on its web-sites for non-public sellers, as effectively as insurance and loan funding goods to buyers and exhibit advertising and marketing on its sites for suppliers and their promoting organizations.

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