Auction Technology Group (LON:ATG) Receives “Buy” Rating from Berenberg Bank

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research report issued on Tuesday, Marketbeat.com reports. They presently have a GBX 710 ($8.84) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 42.14% from the stock’s current price.

Auction Technology Group Stock Performance

Shares of ATG stock opened at GBX 499.50 ($6.22) on Tuesday. The company has a market cap of £608.04 million, a price-to-earnings ratio of 3,567.86 and a beta of 1.30. The stock has a 50 day simple moving average of GBX 601.90 and a 200-day simple moving average of GBX 561.51. Auction Technology Group has a 12-month low of GBX 440 ($5.48) and a 12-month high of GBX 810 ($10.08). The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 23.60.

About Auction Technology Group

Auction Technology Group plc operates online auction marketplaces 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, jewelry, furniture, fine art, decorative art, vintage fashion and classic cars, and collectables; used equipment, commercial vehicles, and machineries from various industries, such as manufacturing, laboratories and pharmaceuticals, warehousing, construction, agriculture, and real estate; and consumer goods and other products.