Auction Technology Group (LON:ATG) Shares Up 12.6% – Here’s Why

Auction Technology Group plc (LON:ATG)’s share price traded up 12.6% during mid-day trading on Saturday . The stock traded as high as GBX 370 and last traded at GBX 362. 1,920,300 shares traded hands during mid-day trading, an increase of 100% from the average session volume of 958,306 shares. The stock had previously closed at GBX 321.50.

Key Headlines Impacting Auction Technology Group

Here are the key news stories impacting Auction Technology Group this week:

• Positive Sentiment: FitzWalter reportedly increased its takeover bid, directly supporting a premium on ATG shares. Auction Technology shares rise as FitzWalter increases takeover bid
• Positive Sentiment: Coverage says FitzWalter is considering an increased takeover offer, keeping takeover speculation elevated. Auction Technology surges as FitzWalter considers increased takeover offer
• Positive Sentiment: MarketWatch reports a shareholder indicated a higher offer proposal, which investors interpreted as likely to lift any final deal price. Auction Technology Shares Jump After Shareholder Indicates Higher Offer Proposal
• Positive Sentiment: Media outlets report FitzWalter raised its buyout figure (coverage cites roughly $658m), reinforcing takeover momentum. FitzWalter Capital raises buyout bid for UK’s Auction Technology to $658 million
• Neutral Sentiment: Newswire and market sites note the share surge and heavy trading — the move reflects takeover speculation rather than new operational news. Auction Technology Group stock soars after increased takeover offer
• Negative Sentiment: Fundamentals remain mixed: market cap ~£438m, negative P/E, elevated debt-to-equity (~18.16) and a below‑1 current ratio — these increase execution/risk considerations if a deal stalls.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ATG shares. Royal Bank Of Canada reduced their price target on shares of Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating for the company in a report on Tuesday, December 2nd. JPMorgan Chase & Co. increased their target price on shares of Auction Technology Group from GBX 690 to GBX 695 and gave the company an “overweight” rating in a research note on Friday, November 28th. Berenberg Bank lowered their price target on Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating on the stock in a research note on Thursday, November 27th. Finally, Peel Hunt cut their price target on Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Auction Technology Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 549.

Auction Technology Group Stock Performance

The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36. The firm has a market cap of £438.34 million, a P/E ratio of -3.06 and a beta of 1.29. The stock’s 50 day moving average is GBX 291.14 and its two-hundred day moving average is GBX 339.95.

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.