Will Auto Trader Group PLC Go Down Anytime Soon?

 Will Auto Trader Group PLC Go Down Anytime Soon?

The stock of Auto Trader Group PLC (LON:AUTO) is a huge mover today! The stock increased 3.74% or GBX 14.43 on November 10, hitting GBX 400.43. About 10.80 million shares traded hands or 242.86% up from the average. Auto Trader Group PLC (LON:AUTO) has risen 1.55% since April 12, 2016 and is uptrending. It has underperformed by 4.10% the S&P500.
The move comes after 6 months positive chart setup for the GBX 3.96B company. It was reported on Nov, 10 by Barchart.com. We have GBX 524.56 PT which if reached, will make LON:AUTO worth GBX 1.23 billion more.

Auto Trader Group PLC (LON:AUTO) Ratings Coverage

Out of 14 analysts covering Auto Trader Group (LON:AUTO), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. Auto Trader Group has been the topic of 52 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was upgraded by JP Morgan to “Overweight” on Thursday, February 18. The company was maintained on Tuesday, August 16 by Goldman Sachs. As per Tuesday, September 20, the company rating was maintained by Numis Securities. The stock has “Buy” rating given by Numis Securities on Thursday, June 2. The company was maintained on Friday, November 20 by BNP Paribas. The stock of Auto Trader Group PLC (LON:AUTO) has “Add” rating given on Friday, November 13 by Peel Hunt. The firm has “Equal Weight” rating given on Tuesday, November 17 by Barclays Capital. The stock of Auto Trader Group PLC (LON:AUTO) earned “Buy” rating by Numis Securities on Tuesday, February 23. Barclays Capital maintained the stock with “Equal Weight” rating in Wednesday, October 28 report. The firm has “Outperform” rating by BNP Paribas given on Wednesday, January 6.

Auto Trader Group plc is a digital automotive marketplace. The company has a market cap of 3.96 billion GBP. The Firm is engaged in the business of buying and selling new and used vehicles. It has a 31.65 P/E ratio. The Firm also operates similar business in Ireland through its Website carzone.ie.

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