Berenberg Bank Reaffirms “Buy” Rating for Auction Technology Group (LON:ATG)

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research report issued to clients and investors on Monday,Digital Look reports. They presently have a GBX 460 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 16.53% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 815 price objective on shares of Auction Technology Group in a research report on Friday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Auction Technology Group presently has an average rating of “Moderate Buy” and an average price target of GBX 549.

Auction Technology Group Trading Down 1.3%

LON ATG opened at GBX 394.74 on Monday. Auction Technology Group has a twelve month low of GBX 259.50 and a twelve month high of GBX 513. The company has a debt-to-equity ratio of 32.55, a quick ratio of 1.36 and a current ratio of 0.94. The stock has a market cap of £477.99 million, a price-to-earnings ratio of -3.34 and a beta of 0.72. The firm’s 50 day moving average price is GBX 340.85 and its two-hundred day moving average price is GBX 314.22.

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.