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Auction Technology Group (LON:ATG) Sets New 1-Year Low - Time to Sell?

Auction Technology Group logo with Computer and Technology background

Key Points

  • Auction Technology Group (LON:ATG) shares fell to a new 52-week low of GBX 300 ($4.00) during recent trading, closing at GBX 304 ($4.05).
  • Several brokerages have downgraded their price targets for ATG, with Royal Bank Of Canada reducing it from GBX 500 to GBX 415, reflecting a cautious outlook for the company.
  • The stock currently has a consensus rating of "Moderate Buy" with a price target of GBX 625, indicating some analysts still see potential upside despite recent declines.
  • Interested in Auction Technology Group? Here are five stocks we like better.

Auction Technology Group plc (LON:ATG - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 300 ($4.00) and last traded at GBX 304 ($4.05), with a volume of 170057 shares changing hands. The stock had previously closed at GBX 308.50 ($4.11).

Wall Street Analyst Weigh In

A number of brokerages recently commented on ATG. Royal Bank Of Canada lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Auction Technology Group from GBX 910 to GBX 815 and set a "buy" rating for the company in a report on Monday, August 4th. Berenberg Bank decreased their price objective on shares of Auction Technology Group from GBX 660 to GBX 560 and set a "buy" rating for the company in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Auction Technology Group from GBX 725 to GBX 710 and set an "overweight" rating for the company in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 625.

Check Out Our Latest Stock Report on Auction Technology Group

Auction Technology Group Trading Down 1.5%

The company has a market capitalization of £366.48 million, a PE ratio of 1,527.64 and a beta of 1.29. The company's fifty day moving average is GBX 331.23 and its 200-day moving average is GBX 448.78. The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36.

Auction Technology Group Company Profile

(Get Free Report)

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”).

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