Berenberg Bank Issues Positive Forecast for Auction Technology Group (LON:ATG) Stock Price

Auction Technology Group (LON:ATG) had its price target increased by stock analysts at Berenberg Bank from GBX 460 to GBX 490 in a report issued on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 16.11% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 815 price target on shares of Auction Technology Group in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Auction Technology Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 555.

Auction Technology Group Stock Performance

Shares of ATG stock opened at GBX 422 on Friday. The stock has a 50 day moving average price of GBX 416.30 and a two-hundred day moving average price of GBX 358.87. Auction Technology Group has a fifty-two week low of GBX 259.50 and a fifty-two week high of GBX 513. The company has a debt-to-equity ratio of 32.55, a quick ratio of 1.36 and a current ratio of 0.94. The company has a market capitalization of £511.00 million, a P/E ratio of -3.40 and a beta of 0.70.

Insider Buying and Selling

In related news, insider Duncan Painter bought 55,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average cost of GBX 419 per share, with a total value of £230,450. Company insiders own 16.79% of the company’s stock.

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.