Auction Technology Group (LON:ATG) Earns Buy Rating from Berenberg Bank

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a report released on Monday,Digital Look reports. They presently have a GBX 460 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 16.53% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 815 target price on shares of Auction Technology Group in a research note on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Auction Technology Group presently has an average rating of “Moderate Buy” and an average target price of GBX 549.

Auction Technology Group Trading Down 1.3%

Shares of LON:ATG opened at GBX 394.74 on Monday. The firm has a fifty day moving average of GBX 340.85 and a two-hundred day moving average of GBX 314.22. The firm has a market capitalization of £477.99 million, a P/E ratio of -3.34 and a beta of 0.72. Auction Technology Group has a 12-month low of GBX 259.50 and a 12-month high of GBX 513. The company has a quick ratio of 1.36, a current ratio of 0.94 and a debt-to-equity ratio of 32.55.

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.