Auction Technology Group (LON:ATG) Raised to “Overweight” at JPMorgan Chase & Co.

Auction Technology Group (LON:ATGGet Rating) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a research note issued to investors on Tuesday, LSE.Co.UK reports. The brokerage currently has a GBX 1,150 ($14.37) price target on the stock, up from their previous price target of GBX 1,041 ($13.00). JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 22.99% from the stock’s current price.

Shares of ATG stock opened at GBX 935 ($11.68) on Tuesday. The company has a fifty day moving average price of GBX 953.82. Auction Technology Group has a one year low of GBX 712 ($8.89) and a one year high of GBX 1,680.44 ($20.99). The firm has a market capitalization of £1.13 billion and a PE ratio of -27.62. The company has a current ratio of 20.92, a quick ratio of 20.92 and a debt-to-equity ratio of 34.24.

About Auction Technology Group (Get Rating)

Auction Technology Group plc operates marketplaces and a proprietary auction platform primarily in the United Kingdom, North America, and Germany. The company operates through four segments: Arts and Antiques, Industrial and Commercial, Auction Services, and Content. It offers watches, jewellery, furniture, fine art, decorative art, classic cars, collectables, and fashion products; used equipment, commercial vehicles, and machineries for used in laboratories and pharmaceuticals, warehousing, oil and gas, real estate, construction, agriculture, plastic moulding, metalworking, woodworking, and food and beverage production industries; and electronics, apparel, homeware, and furniture products.

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