Auction Technology Group (LON:ATG) Shares Up 24% – What’s Next?

Auction Technology Group plc (LON:ATG)’s stock price traded up 24% during trading on Monday . The company traded as high as GBX 338 and last traded at GBX 336. 3,339,430 shares changed hands during trading, an increase of 1% from the average session volume of 3,307,019 shares. The stock had previously closed at GBX 270.95.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Berenberg Bank dropped their price objective 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. Peel Hunt decreased 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. 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 for the company in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Auction Technology Group from GBX 690 to GBX 695 and gave the company an “overweight” rating in a research note on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 549.

Auction Technology Group Stock Up 23.6%

The firm has a fifty day simple moving average of GBX 287.65 and a 200 day simple moving average of GBX 346.56. The company has a debt-to-equity ratio of 18.16, a quick ratio of 1.36 and a current ratio of 0.62. The company has a market cap of £403.87 million, a PE ratio of -2.83 and a beta of 1.29.

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.