Auction Technology Group (LON:ATG) Given Buy Rating at Berenberg Bank

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 900 ($11.26) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 46.34% from the stock’s previous close.

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

Auction Technology Group Stock Performance

ATG stock traded up GBX 14 ($0.18) during midday trading on Monday, reaching GBX 615 ($7.69). 25,397 shares of the company were exchanged, compared to its average volume of 210,735. Auction Technology Group has a one year low of GBX 542 ($6.78) and a one year high of GBX 936 ($11.71). The firm has a market capitalization of £747.47 million, a price-to-earnings ratio of 20,500.00 and a beta of 1.59. The business has a 50-day moving average price of GBX 609.55 and a two-hundred day moving average price of GBX 683.01. The company has a debt-to-equity ratio of 27.23, a current ratio of 1.03 and a quick ratio of 1.36.

Insider Buying and Selling

In other news, insider Tamsin Todd acquired 2,773 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of GBX 717 ($8.97) per share, with a total value of £19,882.41 ($24,874.78). 5.05% of the stock is currently owned by insiders.

Auction Technology Group Company Profile

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.