Auction Technology Group (LON:ATG) Shares Up 21.4% – What’s Next?

Auction Technology Group plc (LON:ATG) shares traded up 21.4% on Monday . The company traded as high as GBX 332.50 and last traded at GBX 329. 3,112,714 shares traded hands during trading, a decline of 3% from the average session volume of 3,193,660 shares. The stock had previously closed at GBX 270.95.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Berenberg Bank lowered 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 report on Thursday, November 27th. 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. Royal Bank Of Canada cut their price target on Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating on the stock in a research note on Tuesday, December 2nd. Finally, Peel Hunt reduced their price target on Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Auction Technology Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 549.

Auction Technology Group Trading Up 21.4%

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

About Auction Technology Group

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.