Auto Trader (AUTO.L) 03-04-20
Will Auto Trader (AUTO.L) shares break through support at 365p, or push upwards again to 602p (+65%)?
- Shares trading at 363p, near the 365p support (at time of writing).
- Will the pattern repeat this time? This support has proven to be a key level in the recent past.
- 602p was the recent high. (+65%)
- Shares -40% from 12-month highs; +0% from 12 month lows.
Latest News
01 Apr: Goldman Sachs reiterates its buy rating on Auto Trader Group Plc (AUTO) and reduced the target price to 557p (from 653p).
01 Apr: Auto Trader announced it would raise capital via an equity placing to boost its finances during the pandemic, and would be unlikely to pay a dividend for the year.
26 Mar: Peel Hunt has upgraded its rating on Auto Trader Group Plc (AUTO) to buy (from add) and reduced the target price to 545p (from 600p).
20 Mar: JP Morgan Cazenove reiterates its underweight rating on Auto Trader Group Plc (AUTO) and reduced the target price to 368p (from 494p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires