Deutsche Bank Aktiengesellschaft Lowers Auction Technology Group (LON:ATG) Price Target to GBX 815

Auction Technology Group (LON:ATG) had its price target cut by research analysts at Deutsche Bank Aktiengesellschaft from GBX 910 ($12.10) to GBX 815 ($10.84) in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 121.77% from the company’s previous close.

A number of other equities research analysts also recently weighed in on ATG. Berenberg Bank cut their target price on Auction Technology Group from GBX 660 ($8.78) to GBX 560 ($7.45) and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Auction Technology Group from GBX 725 ($9.64) to GBX 710 ($9.44) and set an “overweight” rating for the company in a research report on Tuesday.

Auction Technology Group Stock Down 2.3%

ATG stock opened at GBX 367.50 ($4.89) on Monday. The firm’s 50-day moving average is GBX 464.02 and its two-hundred day moving average is GBX 536.79. The company has a market capitalization of £453.99 million, a price-to-earnings ratio of 44.89 and a beta of 1.29. Auction Technology Group has a 52 week low of GBX 365 ($4.85) and a 52 week high of GBX 658 ($8.75). 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”).