Auction Technology Group (LON:ATG) Price Target Raised to GBX 490

Auction Technology Group (LON:ATGFree Report) had its price objective boosted by Berenberg Bank from GBX 460 to GBX 490 in a report released on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 815 target price on shares of Auction Technology Group in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 555.

Get Our Latest Stock Analysis on Auction Technology Group

Auction Technology Group Stock Performance

Shares of ATG opened at GBX 424.40 on Friday. Auction Technology Group has a 12-month low of GBX 259.50 and a 12-month high of GBX 513. The stock has a market cap of £513.91 million, a P/E ratio of -3.42 and a beta of 0.70. The company has a current ratio of 0.94, a quick ratio of 1.36 and a debt-to-equity ratio of 32.55. The company has a 50-day moving average of GBX 416.70 and a two-hundred day moving average of GBX 359.50.

Insider Buying and Selling

In other news, insider Duncan Painter acquired 125,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of GBX 422 per share, for a total transaction of £527,500. Company insiders own 16.79% of the company’s stock.

About Auction Technology Group

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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.

Further Reading

Analyst Recommendations for Auction Technology Group (LON:ATG)

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