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Home / Support and Resistance / Auto Trader (AUTO.L) 24-02-20

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

Auto Trader (AUTO.L) 24-02-20

Will Auto Trader (AUTO.L) shares break below the 558p support zone, or will it return to highs of 607p (+9%)?

 

  • Currently trading around the 558p support at 556p (at time of writing).
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Highs of 607p have been seen in the recent past. Will we see this again? (+9%)
  • Shares -8% from 12-month highs; +18% from 12 month lows.

Latest News

12 Feb:  Societe Generale today initiates coverage of Auto Trader Group Plc (AUTO) with a hold rating and target price of 615p.

04 Feb:  Deutsche Bank reiterates its hold rating on Auto Trader Group Plc (AUTO) and increased the target price to 565p (from 525p).

30 Jan:  Barclays Capital reiterates its equal weight rating on Auto Trader Group Plc (AUTO) and increased the target price to 500p (from 490p).

22 Jan:  JP Morgan Cazenove reiterates its underweight rating on Auto Trader Group Plc (AUTO) and increased the target price to 494p (from 452p).

20 Jan:  Goldman Sachs has upgraded its rating on Auto Trader Group Plc (AUTO) to buy (from neutral) and increased the target price to 688p (from 604p).

20 Jan:  Peel Hunt has upgraded its rating on Auto Trader Group Plc (AUTO) to add (from hold).

16 Jan:  Credit Suisse reiterates its underperform rating on Auto Trader Group Plc (AUTO) and increased the target price to 480p (from 440p).

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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