Auto Trader Group PLC (AUTO) Insider Sean Glithero Sells 600,000 Shares
Auto Trader Group PLC (LON:AUTO) insider Sean Glithero sold 600,000 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of GBX 399 ($4.95), for a total value of £2,394,000 ($2,969,854.86).
Shares of Auto Trader Group PLC (LON:AUTO) opened at 399.70 on Thursday. The stock’s 50 day moving average is GBX 383.73 and its 200 day moving average is GBX 383.52. Auto Trader Group PLC has a 1-year low of GBX 307.80 and a 1-year high of GBX 455.00. The company’s market cap is GBX 3.95 billion.
The business also recently declared a dividend, which will be paid on Friday, January 27th. Investors of record on Thursday, January 5th will be given a dividend of GBX 1.70 ($0.02) per share. This represents a dividend yield of 0.43%. The ex-dividend date is Thursday, January 5th. This is an increase from Auto Trader Group PLC’s previous dividend of $1.00.
A number of research analysts have recently weighed in on the company. Barclays PLC raised their price objective on Auto Trader Group PLC from GBX 390 ($4.84) to GBX 415 ($5.15) and gave the company an “equal weight” rating in a research report on Monday, November 14th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 495 ($6.14) price target on shares of Auto Trader Group PLC in a research report on Friday, October 28th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 456 ($5.66) price target on shares of Auto Trader Group PLC in a research report on Thursday, November 10th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 400 ($4.96) price target on shares of Auto Trader Group PLC in a research report on Tuesday, September 13th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 390 ($4.84) price target on shares of Auto Trader Group PLC in a research report on Monday, November 14th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 450.69 ($5.59).
About Auto Trader Group PLC
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.
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