Auction Technology Group (LON:ATG) Shares Up 12.6% – Time to Buy?

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

More Auction Technology Group News

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

• Positive Sentiment: FitzWalter has increased its takeover bid/indicated it will consider a higher offer, driving renewed buying interest in ATG shares. Auction Technology shares rise as FitzWalter increases takeover bid
• Positive Sentiment: Coverage notes a shareholder (linked to FitzWalter) has tabled a further offer proposal, which directly prompted the intraday jump in the stock as investors price in a higher takeover premium. Auction Technology Shares Jump After Shareholder Indicates Higher Offer Proposal
• Positive Sentiment: Multiple reports put the revised bid value at roughly £491m (reported equivalently as about $658m), giving a concrete headline valuation that likely underpins the rally. FitzWalter Capital raises buyout bid for UK’s Auction Technology to $658 million
• Positive Sentiment: Financial news services (ShareCast, Investing.com and others) are widely reporting the update, increasing visibility and trading momentum as investors and arbitrageurs react. Auction Technology surges as FitzWalter considers increased takeover offer
• Neutral Sentiment: Heightened price reflects takeover speculation but the outcome remains uncertain — any deal still needs formal offers, board/shareholder approvals and regulatory clearances; there may be further negotiation or competing bids. (No single article yet confirms a final, signed agreement.)

Wall Street Analysts Forecast Growth

ATG has been the topic of several analyst reports. Peel Hunt dropped their price target on shares of Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating on the stock in a research note 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 stock an “overweight” rating in a research report on Friday, November 28th. Royal Bank Of Canada cut their target price on Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating on the stock in a report on Tuesday, December 2nd. Finally, Berenberg Bank reduced their price target on 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. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 549.

Auction Technology Group Stock Up 12.6%

The stock has a market cap of £438.34 million, a P/E ratio of -3.06 and a beta of 1.29. The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16. The firm’s fifty day moving average is GBX 291.14 and its 200 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.