Berenberg Bank 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 Berenberg Bank in a research report issued on Friday, MarketBeat.com reports. They presently have a GBX 710 ($8.99) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 32.46% from the company’s previous close.

Auction Technology Group Trading Up 3.9 %

LON ATG traded up GBX 20 ($0.25) on Friday, reaching GBX 536 ($6.78). 660,439 shares of the company were exchanged, compared to its average volume of 430,313. Auction Technology Group has a fifty-two week low of GBX 365 ($4.62) and a fifty-two week high of GBX 638 ($8.07). The company has a current ratio of 0.69, a quick ratio of 1.36 and a debt-to-equity ratio of 22.80. The business’s fifty day moving average price is GBX 443.01 and its 200 day moving average price is GBX 471.15. The stock has a market capitalization of £652.96 million, a P/E ratio of 6,700.00 and a beta of 1.29.

About Auction Technology Group

Auction Technology Group plc operates online auction marketplaces primarily in the United Kingdom, North America, and Germany. The company operates through four segments: Arts and Antiques, Industrial and Commercial, Auction Services, and Content. It offers watches, jewelry, furniture, fine art, decorative art, vintage fashion and classic cars, and collectables; used equipment, commercial vehicles, and machineries from various industries, such as manufacturing, laboratories and pharmaceuticals, warehousing, construction, agriculture, and real estate; and consumer goods and other products.