Auction Technology Group (LON:ATG) Price Target Cut to GBX 460 by Analysts at Peel Hunt

Auction Technology Group (LON:ATG) had its price objective trimmed by Peel Hunt from GBX 730 to GBX 460 in a research note released on Tuesday morning,London Stock Exchange reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on ATG. Berenberg Bank decreased their target price on shares of Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating for the company in a research report on Thursday, November 27th. Royal Bank Of Canada reduced their price objective on shares of Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Auction Technology Group from GBX 910 to GBX 815 and set a “buy” rating on the stock in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. raised their price target 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 549.

Auction Technology Group Stock Performance

Shares of LON ATG traded up GBX 0.85 during mid-day trading on Tuesday, hitting GBX 277.85. The stock had a trading volume of 501,067 shares, compared to its average volume of 685,471. The company has a 50 day moving average of GBX 300.38 and a two-hundred day moving average of GBX 375.24. The company has a debt-to-equity ratio of 18.16, a quick ratio of 1.36 and a current ratio of 0.62. The firm has a market cap of £334.95 million, a PE ratio of 13.96 and a beta of 1.29. Auction Technology Group has a twelve month low of GBX 259.50 and a twelve month high of GBX 658.

About Auction Technology Group

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”).