Auction Technology Group (LON:ATG) Trading Up 1.6% – What’s Next?

Auction Technology Group plc (LON:ATG)’s stock price shot up 1.6% on Monday . The stock traded as high as GBX 292.50 and last traded at GBX 291.50. 488,856 shares changed hands during trading, a decline of 66% from the average session volume of 1,425,465 shares. The stock had previously closed at GBX 287.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of 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. Berenberg Bank decreased 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 report on Thursday, November 27th. JPMorgan Chase & Co. raised their target price on Auction Technology Group from GBX 690 to GBX 695 and gave the company an “overweight” rating in a research report on Friday, November 28th. 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 research note on Tuesday, December 2nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Auction Technology Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 549.

Auction Technology Group Trading Up 1.6%

The firm has a market cap of £352.97 million, a price-to-earnings ratio of -2.47 and a beta of 1.29. The company’s 50-day moving average price is GBX 301.90 and its 200-day moving average price is GBX 319.06. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16.

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.