JPMorgan Chase & Co. Boosts Auction Technology Group (LON:ATG) Price Target to GBX 695

Auction Technology Group (LON:ATG) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from GBX 555 ($7.08) to GBX 695 ($8.86) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 22.57% from the company’s previous close.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 710 ($9.05) price objective on shares of Auction Technology Group in a report on Friday, November 29th.

Auction Technology Group Trading Up 0.2 %

Shares of LON:ATG opened at GBX 567 ($7.23) on Thursday. Auction Technology Group has a 12-month low of GBX 365 ($4.65) and a 12-month high of GBX 638 ($8.13). The stock has a market cap of £690.72 million, a PE ratio of 7,112.50 and a beta of 1.29. The business has a 50 day moving average of GBX 454.27 and a 200-day moving average of GBX 473.25. The company has a quick ratio of 1.36, a current ratio of 0.69 and a debt-to-equity ratio of 22.80.

Insider Activity

In other Auction Technology Group news, insider Tom Hargreaves sold 230,000 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of GBX 510 ($6.50), for a total transaction of £1,173,000 ($1,495,410.50). 4.49% of the stock is owned by company insiders.

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.