Auction Technology Group (LON:ATG) Trading 23.6% Higher – Time to Buy?

Auction Technology Group plc (LON:ATG)’s share price traded up 23.6% during mid-day trading on Monday . The stock traded as high as GBX 339 and last traded at GBX 335. 8,143,176 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 5,708,892 shares. The stock had previously closed at GBX 270.95.

Key Stores Impacting Auction Technology Group

Here are the key news stories impacting Auction Technology Group this week:

• Positive Sentiment: The board has rejected non-binding approaches from FitzWalter but confirmed it received approaches — news that typically lifts shares because it signals potential M&A interest and the possibility of a future, improved offer or competitive process. Auction Technology Group Rejects Takeover Approaches From FitzWalter LONDON BRIEFING: Auction Technology rejects 11 FitzWalter buyout bids
• Neutral Sentiment: Key context: the company says there’s been interest but no firm offer or negotiations. Financials and valuation remain mixed (negative trailing P/E, modest market cap), and volumes spiked — monitor for follow-up filings or a formal approach that would more clearly move the share price.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATG. Peel Hunt decreased their target price 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. JPMorgan Chase & Co. lifted their price target on Auction Technology Group from GBX 690 to GBX 695 and gave the stock an “overweight” rating in a research note on Friday, November 28th. Berenberg Bank cut their price objective on Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating on the stock in a report on Thursday, November 27th. Finally, Royal Bank Of Canada decreased their target price on shares of 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 549.

Auction Technology Group Stock Down 0.1%

The firm has a market cap of £403.26 million, a PE ratio of -2.83 and a beta of 1.29. The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36. The business has a fifty day moving average price of GBX 288.09 and a two-hundred day moving average price of GBX 345.86.

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.