Auto Trader Group plc (LON:AUTO) to Issue Dividend of GBX 6.40

Auto Trader Group plc (LON:AUTO) announced a dividend on Thursday, May 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 29th will be paid a dividend of GBX 6.40 ($0.08) per share on Friday, September 27th. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, August 29th. This is an increase from Auto Trader Group’s previous dividend of $3.20. The official announcement can be viewed at this link.

Auto Trader Group Stock Up 0.5 %

AUTO traded up GBX 4.25 ($0.06) during trading on Wednesday, reaching GBX 847.45 ($11.18). 3,552,446 shares of the stock were exchanged, compared to its average volume of 2,748,109. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The stock’s 50 day moving average price is GBX 809.70 and its two-hundred day moving average price is GBX 762.83. Auto Trader Group has a twelve month low of GBX 585.60 ($7.72) and a twelve month high of GBX 850.80 ($11.22). The stock has a market cap of £7.58 billion, a P/E ratio of 3,011.43, a price-to-earnings-growth ratio of 3.99 and a beta of 0.77.

Insiders Place Their Bets

In related news, insider Jamie Warner sold 54,487 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of GBX 824 ($10.87), for a total value of £448,972.88 ($592,078.17). Company insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AUTO. Shore Capital reaffirmed a “hold” rating on shares of Auto Trader Group in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their target price on shares of Auto Trader Group from GBX 608 ($8.02) to GBX 624 ($8.23) and gave the company an “underweight” rating in a report on Friday, May 31st. Finally, Jefferies Financial Group upped their target price on shares of Auto Trader Group from GBX 830 ($10.95) to GBX 935 ($12.33) and gave the company a “buy” rating in a report on Tuesday, July 2nd.

Auto Trader Group Company Profile

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.