JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Auction Technology Group (LON:ATG) Stock

Auction Technology Group (LON:ATG) had its price target lifted by analysts at JPMorgan Chase & Co. from GBX 780 ($10.08) to GBX 790 ($10.21) in a research report issued on Thursday, MarketBeat.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 38.84% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 710 ($9.18) target price on shares of Auction Technology Group in a research note on Friday, November 29th.

Auction Technology Group Stock Up 0.4 %

Shares of LON ATG opened at GBX 569 ($7.35) on Thursday. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16. Auction Technology Group has a 52 week low of GBX 365 ($4.72) and a 52 week high of GBX 658 ($8.50). The firm’s fifty day moving average is GBX 576.26 and its 200 day moving average is GBX 498.33. The company has a market cap of £702.91 million, a price-to-earnings ratio of 69.50 and a beta of 1.29.

Auction Technology Group Company Profile

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”).