Auto Trader Group (LON:AUTO) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of Auto Trader Group plc (LON:AUTO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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

A number of analysts have recently weighed in on the company. Shore Capital lowered Auto Trader Group to a “sell” rating in a research report on Thursday, November 7th. Berenberg Bank cut their price target on Auto Trader Group from GBX 880 ($10.83) to GBX 830 ($10.21) and set a “hold” rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price target on Auto Trader Group from GBX 688 ($8.47) to GBX 746 ($9.18) and gave the company an “underweight” rating in a research report on Thursday, December 5th.

Auto Trader Group Price Performance

The firm has a market capitalization of £6.95 billion, a price-to-earnings ratio of 2,774.29, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The stock’s fifty day moving average price is GBX 814.17 and its two-hundred day moving average price is GBX 828.70. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26.

Auto Trader Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd will be paid a GBX 3.50 ($0.04) dividend. This represents a yield of 0.41%. The ex-dividend date is Thursday, January 2nd. Auto Trader Group’s dividend payout ratio is presently 3,571.43%.

Auto Trader Group Company Profile

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.