Auction Technology Group (LON:ATG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Auction Technology Group (LON:ATG) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from GBX 690 to GBX 695 in a report released on Friday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 146.45% from the company’s current price.

ATG has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their target price on Auction Technology Group from GBX 910 to GBX 815 and set a “buy” rating for the company in a research report on Monday, August 4th. Berenberg Bank reduced their price objective on Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating for the company in a research note on Thursday. Royal Bank Of Canada decreased their price objective on Auction Technology Group from GBX 500 to GBX 415 and set a “sector perform” rating for the company in a report on Wednesday, August 6th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 730 target price on shares of Auction Technology Group in a research report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Auction Technology Group currently has an average rating of “Moderate Buy” and an average target price of GBX 623.

Auction Technology Group Trading Down 0.2%

LON:ATG opened at GBX 282 on Friday. Auction Technology Group has a 12 month low of GBX 259.50 and a 12 month high of GBX 658. The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16. The stock has a market capitalization of £339.96 million, a price-to-earnings ratio of 14.17 and a beta of 1.29. The firm has a fifty day simple moving average of GBX 302.55 and a two-hundred day simple moving average of GBX 379.43.

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”).