Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Auction Technology Group (LON:ATG)

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Friday, Digital Look reports. They currently have a GBX 815 target price on the stock. Deutsche Bank Aktiengesellschaft‘s target price points to a potential upside of 70.72% from the company’s previous close.

Separately, Berenberg Bank boosted their price objective on Auction Technology Group from GBX 460 to GBX 490 and gave the stock a “buy” rating in a report on Friday, July 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 555.

Auction Technology Group Stock Down 0.2%

Shares of LON:ATG traded down GBX 0.80 during midday trading on Friday, hitting GBX 477.40. 427,973 shares of the company’s stock were exchanged, compared to its average volume of 3,838,106. The company has a debt-to-equity ratio of 32.55, a current ratio of 0.94 and a quick ratio of 1.36. The stock has a 50 day moving average price of GBX 449.52 and a 200-day moving average price of GBX 421.20. The company has a market cap of £578.08 million, a PE ratio of -3.84 and a beta of 0.69. Auction Technology Group has a 12 month low of GBX 259.50 and a 12 month high of GBX 493.80.

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.