Auction Technology Group (LON:ATG) Given New GBX 490 Price Target at Berenberg Bank

Auction Technology Group (LON:ATG) had its price objective lifted by Berenberg Bank from GBX 460 to GBX 490 in a research report released on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

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

Auction Technology Group Stock Performance

Shares of ATG stock opened at GBX 424.40 on Friday. The company has a debt-to-equity ratio of 32.55, a quick ratio of 1.36 and a current ratio of 0.94. Auction Technology Group has a 52 week low of GBX 259.50 and a 52 week high of GBX 513. The company’s 50 day moving average price is GBX 416.70 and its two-hundred day moving average price is GBX 359.33. The company has a market capitalization of £513.91 million, a P/E ratio of -3.42 and a beta of 0.70.

Insider Buying and Selling at Auction Technology Group

In other Auction Technology Group news, insider Duncan Painter acquired 125,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of GBX 422 per share, for a total transaction of £527,500. 16.79% of the stock is owned by corporate insiders.

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.