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Home / Momentum / Auto Trader (AUTO.L) 11-05-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Auto Trader (AUTO.L) 11-05-20

Will shares in Auto Trader (AUTO.L) continue to rally, setting new recent highs?

  • Now trading at 491.36p (at time of writing), the price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Shares -19% from 12-month highs; +34% from 12 month lows.

Latest News

04 May:  JP Morgan Cazenove reiterates its underweight rating on Auto Trader Group Plc (AUTO) and reduced the target price to 348p (from 368p).

29 Apr:  Barclays Capital reiterates its equal weight rating on Auto Trader Group Plc (AUTO) and increased the target price to 440p (from 420p).

16 Apr:  UBS has upgraded its rating on Auto Trader Group Plc (AUTO) to buy (from neutral) and reduced the target price to 510p (from 560p).

15 Apr:  RBC Capital Markets reiterates its sector performer rating on Auto Trader Group Plc (AUTO) and reduced the target price to 460p (from 530p).

01 Apr:  Goldman Sachs reiterates its buy rating on Auto Trader Group Plc (AUTO) and reduced the target price to 557p (from 653p).

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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