Auction Technology Group (LON:ATG) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Auction Technology Group (LON:ATG) had its target price raised by Berenberg Bank from GBX 460 to GBX 490 in a report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 16.11% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 price objective on shares of Auction Technology Group in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 555.

Auction Technology Group Trading Down 0.6%

LON:ATG opened at GBX 422 on Friday. The company has a debt-to-equity ratio of 32.55, a current ratio of 0.94 and a quick ratio of 1.36. The business has a fifty day moving average price of GBX 416.30 and a 200-day moving average price of GBX 358.87. The firm has a market capitalization of £511.00 million, a price-to-earnings ratio of -3.40 and a beta of 0.70. Auction Technology Group has a one year low of GBX 259.50 and a one year high of GBX 513.

Insiders Place Their Bets

In other Auction Technology Group news, insider Duncan Painter purchased 55,000 shares of Auction Technology Group stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of GBX 419 per share, for a total transaction of £230,450. Corporate insiders own 16.79% of the company’s stock.

Auction Technology Group Company Profile

Auction Technology Group plc (“ATG”) is the operator of the world’s leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to over 3,800 trusted auction houses across two major sectors: Industrial & Commercial (“I&C”) and Art & Antiques (“A&A”).

The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.