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

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 815 price objective on the stock. Deutsche Bank Aktiengesellschaft‘s price objective points to a potential upside of 72.82% from the stock’s previous close.

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

Auction Technology Group Stock Performance

ATG traded down GBX 6.60 on Friday, reaching GBX 471.60. The company had a trading volume of 5,498,576 shares, compared to its average volume of 3,862,601. The stock has a market capitalization of £571.06 million, a PE ratio of -3.80 and a beta of 0.69. Auction Technology Group has a 1 year low of GBX 259.50 and a 1 year high of GBX 493.80. 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 quick ratio of 1.36, a current ratio of 0.94 and a debt-to-equity ratio of 32.55.

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.