Royal Bank of Canada Initiates Coverage on Auction Technology Group (LON:ATG)

Investment analysts at Royal Bank of Canada initiated coverage on shares of Auction Technology Group (LON:ATG) in a research note issued to investors on Tuesday, LSE.Co.UK reports. The firm set a “sector perform” rating and a GBX 540 ($7.00) price target on the stock. Royal Bank of Canada’s price target points to a potential upside of 16.15% from the stock’s current price.

Several other research firms have also weighed in on ATG. Berenberg Bank reissued a “buy” rating and issued a GBX 710 ($9.21) target price on shares of Auction Technology Group in a research note on Wednesday, June 12th. JPMorgan Chase & Co. decreased their price objective on shares of Auction Technology Group from GBX 560 ($7.26) to GBX 549 ($7.12) and set a “neutral” rating for the company in a report on Friday.

Auction Technology Group Price Performance

Shares of LON ATG traded down GBX 18.10 ($0.23) during trading on Tuesday, reaching GBX 464.91 ($6.03). The company had a trading volume of 202,774 shares, compared to its average volume of 293,451. Auction Technology Group has a 52 week low of GBX 440 ($5.71) and a 52 week high of GBX 785 ($10.18). The business’s 50 day moving average price is GBX 535.83 and its 200-day moving average price is GBX 546.36. The stock has a market cap of £565.98 million, a PE ratio of 5,811.31 and a beta of 1.35. The company has a debt-to-equity ratio of 22.80, a quick ratio of 1.36 and a current ratio of 0.69.

Auction Technology Group Company Profile

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.