Auction Technology Group (LON:ATG) Given New GBX 815 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Auction Technology Group from GBX 910 to GBX 815, maintaining a "buy" rating, which suggests a potential upside of 117.67% from the current stock price.
• Other analysts, including JPMorgan Chase & Co. and Berenberg Bank, have also reduced their price targets on Auction Technology Group, with new objectives set at GBX 710 and GBX 560 respectively.
• Auction Technology Group's stock is currently trading at GBX 374.41, reflecting a decrement of 0.4% on the day, with a market cap of £462.53 million.

Auction Technology Group (LON:ATG - Get Free Report) had its price objective lowered by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 910 ($12.24) to GBX 815 ($10.96) in a research note issued on Monday, MarketBeat.com reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 132.86% from the stock's previous close.

A number of other research analysts have also weighed in on ATG. Berenberg Bank dropped their price objective on Auction Technology Group from GBX 660 ($8.88) to GBX 560 ($7.53) and set a "buy" rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their target price on Auction Technology Group from GBX 725 ($9.75) to GBX 710 ($9.55) and set an "overweight" rating on the stock in a report on Tuesday.

Auction Technology Group Stock Up 0.4%

LON:ATG traded up GBX 1.50 ($0.02) during midday trading on Monday, hitting GBX 350 ($4.71). 554,287 shares of the company were exchanged, compared to its average volume of 635,784. The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16. Auction Technology Group has a fifty-two week low of GBX 345 ($4.64) and a fifty-two week high of GBX 658 ($8.85). The company has a market capitalization of £432.37 million, a PE ratio of 42.75 and a beta of 1.29. The company has a fifty day simple moving average of GBX 459.85 and a 200 day simple moving average of GBX 533.90.

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”).