AUTO TRADER GRP/ADR (OTCMKTS:ATDRY) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of AUTO TRADER GRP/ADR (OTCMKTS:ATDRY) from a sell rating to a hold rating in a research note released on Tuesday morning, Zacks.com reports.

According to Zacks, “Auto Trader Group plc provides digital automotive marketplace. It offers buy and sell of vehicles, such as cars, trucks and vans. Auto Trader Group plc is headquartered in Manchester, United Kingdom. “

A number of other research analysts have also recently issued reports on the stock. Liberum Capital cut shares of AUTO TRADER GRP/ADR from a buy rating to a hold rating in a report on Thursday, July 2nd. Morgan Stanley reaffirmed an overweight rating on shares of AUTO TRADER GRP/ADR in a report on Thursday, March 26th. HSBC raised shares of AUTO TRADER GRP/ADR from a hold rating to a buy rating in a report on Friday, July 3rd. Deutsche Bank raised shares of AUTO TRADER GRP/ADR from a hold rating to a buy rating in a report on Tuesday, June 2nd. Finally, Barclays reiterated an equal weight rating on shares of AUTO TRADER GRP/ADR in a research note on Friday, June 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. AUTO TRADER GRP/ADR currently has an average rating of Hold and a consensus target price of $2.00.

OTCMKTS ATDRY opened at $1.62 on Tuesday. The company has a fifty day simple moving average of $1.68 and a two-hundred day simple moving average of $1.63. The stock has a market cap of $6.08 billion, a P/E ratio of 23.19 and a beta of 0.90. AUTO TRADER GRP/ADR has a 12-month low of $1.00 and a 12-month high of $2.00.

About AUTO TRADER GRP/ADR

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; 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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