JPMorgan Chase & Co. Lowers Auction Technology Group (LON:ATG) Price Target to GBX 710

Key Points

• JPMorgan Chase & Co. has revised its target price for Auction Technology Group (LON:ATG) from GBX 725 to GBX 710, maintaining an "overweight" rating on the stock.
• Shares of Auction Technology Group opened at GBX 374.41, reflecting a 0.4% decline on Tuesday.
• The target price from JPMorgan suggests a potential upside of 89.63% from the company's previous close.

Auction Technology Group (LON:ATG - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from GBX 725 ($9.75) to GBX 710 ($9.55) in a research report issued on Tuesday, Marketbeat.com reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 102.86% from the stock's current price.

Auction Technology Group Stock Performance

Shares of ATG stock traded up GBX 1.50 ($0.02) during mid-day trading on Tuesday, reaching GBX 350 ($4.71). The stock had a trading volume of 554,287 shares, compared to its average volume of 635,784. Auction Technology Group has a 1-year low of GBX 345 ($4.64) and a 1-year high of GBX 658 ($8.85). The firm has a market cap of £432.37 million, a price-to-earnings ratio of 42.75 and a beta of 1.29. 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 business's fifty day moving average is GBX 459.85 and its 200-day moving average is 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”).