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

Auction Technology Group (LON:ATG) had its target price decreased by equities research analysts at Berenberg Bank from GBX 560 to GBX 460 in a research note issued on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 63.12% from the company’s current price.

Several other analysts have also issued reports on the stock. 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. Peel Hunt reissued a “buy” rating and issued a GBX 730 price target on shares of Auction Technology Group in a research note on Tuesday, October 28th. Royal Bank Of Canada lowered their target price on Auction Technology Group from GBX 500 to GBX 415 and set a “sector perform” rating for the company in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Auction Technology Group from GBX 725 to GBX 710 and set an “overweight” rating on the stock in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 623.

Auction Technology Group Stock Performance

Shares of ATG stock traded down GBX 0.50 during mid-day trading on Thursday, reaching GBX 282. The stock had a trading volume of 312,292 shares, compared to its average volume of 687,086. The business’s fifty day moving average is GBX 303.64 and its 200-day moving average is GBX 382.56. The firm has a market cap of £339.96 million, a price-to-earnings ratio of 14.17 and a beta of 1.29. Auction Technology Group has a 1-year low of GBX 259.50 and a 1-year high of GBX 658. The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16.

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”).