Auction Technology Group (LON:ATG) Reaches New 1-Year High – What’s Next?

Auction Technology Group plc (LON:ATG) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 494.60 and last traded at GBX 494.20, with a volume of 106,848 shares. The stock had previously closed at GBX 483.60.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 price target on shares of Auction Technology Group in a report on Friday, October 23rd. Berenberg Bank upped their price target on shares of Auction Technology Group from GBX 460 to GBX 490 and gave the stock a “buy” rating in a report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Auction Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 555.

Auction Technology Group Price Performance

The business’s 50 day moving average is GBX 454.02 and its two-hundred day moving average is GBX 392.66. The firm has a market capitalization of £598.18 million, a PE ratio of -3.98 and a beta of 0.69. The company has a debt-to-equity ratio of 32.55, a current ratio of 0.94 and a quick ratio of 1.36.

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.