Auction Technology Group’s (ATG) Buy Rating Reiterated at Berenberg Bank

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 900 ($11.26) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 46.34% from the stock’s current price.

Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 925 ($11.57) target price on shares of Auction Technology Group in a report on Tuesday, October 3rd.

Auction Technology Group Stock Up 2.3 %

LON ATG traded up GBX 14 ($0.18) during trading hours on Monday, hitting GBX 615 ($7.69). The company’s stock had a trading volume of 25,397 shares, compared to its average volume of 210,735. The company has a current ratio of 1.03, a quick ratio of 1.36 and a debt-to-equity ratio of 27.23. The company’s 50-day simple moving average is GBX 609.55 and its two-hundred day simple moving average is GBX 683.01. The company has a market capitalization of £747.47 million, a PE ratio of 20,500.00 and a beta of 1.59. Auction Technology Group has a 52 week low of GBX 542 ($6.78) and a 52 week high of GBX 936 ($11.71).

Insider Activity at Auction Technology Group

In other Auction Technology Group news, insider Tamsin Todd bought 2,773 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were purchased at an average price of GBX 717 ($8.97) per share, for a total transaction of £19,882.41 ($24,874.78). 5.05% of the stock is owned by insiders.

About Auction Technology Group

Auction Technology Group plc operates online auction marketplaces primarily in the United Kingdom, North America, and Germany. The company operates through four segments: Arts and Antiques, Industrial and Commercial, Auction Services, and Content. It offers watches, jewellery, furniture, fine art, decorative art, vintage fashion and classic cars, and collectables; used equipment, commercial vehicles, and machineries from various industries, such as manufacturing, warehousing, construction, agriculture, and real estate; and consumer goods and other products.