Citi Sticks to Its Hold Rating for Asbury (ABG)

Citi analyst Michael Ward maintained a Hold rating on Asbury today and set a price target of $252.00. The company’s shares closed yesterday at $242.29.

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According to TipRanks, Ward is a 4-star analyst with an average return of 6.7% and a 58.62% success rate. Ward covers the Consumer Cyclical sector, focusing on stocks such as Lithia Motors, Penske Automotive Group, and Asbury.

The word on The Street in general, suggests a Hold analyst consensus rating for Asbury with a $253.71 average price target.

ABG market cap is currently $4.76B and has a P/E ratio of 8.85.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ABG in relation to earlier this year. Earlier this month, Maureen F Morrison, a Director at ABG sold 800.00 shares for a total of $204,488.00.