Auction Technology Group (LON:ATG) Shares Up 21.4% – Should You Buy?

Auction Technology Group plc (LON:ATGGet Free Report) was up 21.4% during trading on Monday . The stock traded as high as GBX 332.50 and last traded at GBX 329. Approximately 3,112,714 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 3,193,660 shares. The stock had previously closed at GBX 270.95.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Peel Hunt lowered their target price 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. Berenberg Bank dropped their price target on shares of 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. Royal Bank Of Canada decreased their target price on 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 target price on Auction Technology Group from GBX 690 to GBX 695 and gave the stock an “overweight” rating in a report on Friday, November 28th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 549.

Get Our Latest Report on ATG

Auction Technology Group Stock Up 21.4%

The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16. The company’s 50 day moving average price is GBX 287.65 and its two-hundred day moving average price is GBX 346.56. The firm has a market cap of £396.63 million, a PE ratio of -2.78 and a beta of 1.29.

Auction Technology Group Company Profile

(Get Free Report)

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.

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