Berenberg Bank Cuts Auto Trader Group (OTCMKTS:ATDRY) Price Target to GBX 635

Auto Trader Group (OTCMKTS:ATDRYGet Rating) had its target price cut by Berenberg Bank from GBX 690 ($8.16) to GBX 635 ($7.51) in a report published on Monday morning, The Fly reports.

ATDRY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reduced their price target on Auto Trader Group from GBX 720 ($8.51) to GBX 700 ($8.28) in a research note on Wednesday, November 9th. JPMorgan Chase & Co. lowered their price target on Auto Trader Group from GBX 596 ($7.05) to GBX 528 ($6.24) in a report on Tuesday, October 18th. Morgan Stanley lowered their target price on Auto Trader Group from GBX 565 ($6.68) to GBX 550 ($6.50) in a report on Friday, November 11th. UBS Group raised Auto Trader Group from a neutral rating to a buy rating in a report on Tuesday, November 1st. Finally, Credit Suisse Group upped their price target on Auto Trader Group from GBX 418 ($4.94) to GBX 441 ($5.21) in a research report on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $589.14.

Auto Trader Group Trading Up 3.9 %

Shares of OTCMKTS ATDRY opened at $1.71 on Monday. Auto Trader Group has a 12 month low of $1.30 and a 12 month high of $2.57. The stock has a 50 day moving average of $1.51 and a 200-day moving average of $1.67.

About Auto Trader Group

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Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.

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