Peel Hunt Cuts Auction Technology Group (LON:ATG) Price Target to GBX 460

Auction Technology Group (LON:ATG) had its price objective reduced by Peel Hunt from GBX 730 to GBX 460 in a report published on Tuesday morning, MarketBeat reports. Peel Hunt currently has a buy rating on the stock.

ATG has been the subject of several other research reports. Royal Bank Of Canada cut their price target on Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating for the company in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Auction Technology Group from GBX 690 to GBX 695 and gave the company an “overweight” rating in a research report on Friday, November 28th. Berenberg Bank reduced their target price on shares of Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating for the company in a report on Thursday, November 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Auction Technology Group from GBX 910 to GBX 815 and set a “buy” rating on the stock in a research note on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Auction Technology Group has a consensus rating of “Moderate Buy” and an average target price of GBX 549.

Auction Technology Group Trading Up 2.0%

Shares of ATG stock opened at GBX 285.50 on Tuesday. The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36. The company has a market cap of £344.18 million, a price-to-earnings ratio of 14.35 and a beta of 1.29. Auction Technology Group has a 1 year low of GBX 259.50 and a 1 year high of GBX 658. The firm has a fifty day moving average price of GBX 298.58 and a 200-day moving average price of GBX 373.94.

About Auction Technology Group

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”).