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

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat reports. They presently have a GBX 710 ($8.84) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 42.14% from the company’s current price.

Auction Technology Group Stock Down 5.0 %

Auction Technology Group stock opened at GBX 499.50 ($6.22) on Tuesday. The stock has a market capitalization of £608.04 million, a PE ratio of 3,567.86 and a beta of 1.30. Auction Technology Group has a 12 month low of GBX 440 ($5.48) and a 12 month high of GBX 810 ($10.08). The business has a 50 day simple moving average of GBX 601.90 and a 200-day simple moving average of GBX 561.51. The company has a debt-to-equity ratio of 23.60, a current ratio of 0.62 and a quick ratio of 1.36.

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, jewelry, furniture, fine art, decorative art, vintage fashion and classic cars, and collectables; used equipment, commercial vehicles, and machineries from various industries, such as manufacturing, laboratories and pharmaceuticals, warehousing, construction, agriculture, and real estate; and consumer goods and other products.