Auto Trader Group (OTCMKTS:ATDRY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, 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. “

Several other analysts have also commented on ATDRY. JPMorgan Chase & Co. upgraded shares of Auto Trader Group from an “underweight” rating to a “neutral” rating in a research report on Friday, May 27th. Barclays dropped their price target on shares of Auto Trader Group from GBX 720 ($9.02) to GBX 660 ($8.27) in a research report on Friday, May 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Auto Trader Group from GBX 800 ($10.03) to GBX 720 ($9.02) in a research report on Thursday, May 19th. Finally, Credit Suisse Group dropped their target price on shares of Auto Trader Group from GBX 514 ($6.44) to GBX 498 ($6.24) in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $479.20.

ATDRY stock traded down $0.06 during midday trading on Thursday, hitting $1.74. 517,603 shares of the stock traded hands, compared to its average volume of 706,407. The stock’s fifty day simple moving average is $1.91 and its 200-day simple moving average is $2.16. Auto Trader Group has a 1-year low of $1.64 and a 1-year high of $2.57.

About Auto Trader Group (Get Rating)

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