Auction Technology Group (LON:ATG) Trading Up 19.7% – Still a Buy?

Auction Technology Group plc (LON:ATG)’s stock price shot up 19.7% during trading on Monday . The company traded as high as GBX 326 and last traded at GBX 324.33. 3,061,305 shares traded hands during trading, a decline of 3% from the average session volume of 3,167,956 shares. The stock had previously closed at GBX 270.95.

Wall Street Analyst Weigh In

ATG has been the subject of a number of recent research reports. Royal Bank Of Canada cut their price objective on shares of Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating for the company in a report on Tuesday, December 2nd. Berenberg Bank dropped their price target on shares of Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating for the company in a research report on Thursday, November 27th. Peel Hunt cut their price target on Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. increased their price target on Auction Technology Group from GBX 690 to GBX 695 and gave the stock an “overweight” rating in a research report on Friday, November 28th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Auction Technology Group has a consensus rating of “Moderate Buy” and an average target price of GBX 549.

Auction Technology Group Trading Up 19.8%

The firm’s fifty day simple moving average is GBX 287.65 and its 200 day simple moving average is GBX 346.56. The stock has a market capitalization of £391.39 million, a P/E ratio of -2.75 and a beta of 1.29. The company has a debt-to-equity ratio of 18.16, a quick ratio of 1.36 and a current ratio of 0.62.

Auction Technology Group Company Profile

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.