Auction Technology Group (LON:ATG) Stock Price Up 12.6% – Should You Buy?

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

Key Stories Impacting Auction Technology Group

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

• Positive Sentiment: FitzWalter Capital has increased/indicated an increased takeover bid for Auction Technology, pushing buyout discussions back into focus and supporting a premium on the share price. Auction Technology shares rise as FitzWalter increases takeover bid
• Positive Sentiment: Media reports name a higher reported valuation for the bid (articles cite a buyout figure reported around $658m), which suggests a meaningful premium over recent market levels and underpins the rally. FitzWalter Capital raises buyout bid for UK’s Auction Technology to $658 million
• Positive Sentiment: The group’s largest shareholder has tabled another higher proposal (reported as a twelfth bid worth about £491m), adding takeover pressure and signalling shareholder appetite for a deal at a premium. Auction Technology Group’s biggest shareholder tables twelfth bid worth £491m
• Neutral Sentiment: Reports note FitzWalter is “considering” an increased offer and shareholder indications are proposals rather than finalized agreements — the outcome still depends on formal offers, board recommendations, financing and approvals. Auction Technology surges as FitzWalter considers increased takeover offer
• Neutral Sentiment: Coverage across outlets highlights market reaction (sharp share rise and elevated volume) but not a completed transaction — investors should watch official announcements from ATG and FitzWalter for confirmed offer terms and timelines. Auction Technology Shares Jump After Shareholder Indicates Higher Offer Proposal

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ATG. JPMorgan Chase & Co. boosted their price objective on Auction Technology Group from GBX 690 to GBX 695 and gave the company an “overweight” rating in a research note on Friday, November 28th. Peel Hunt dropped their price target on 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. 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, December 2nd. Finally, Berenberg Bank lowered their price objective on shares of Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating for the company in a research note on Thursday, November 27th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 549.

Auction Technology Group Trading Up 12.6%

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 fifty day simple moving average of GBX 291.14 and a 200-day simple moving average of GBX 339.95. The firm has a market cap of £438.34 million, a P/E ratio of -3.06 and a beta of 1.29.

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”).

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.