Royal Bank Of Canada Issues Pessimistic Forecast for Auction Technology Group (LON:ATG) Stock Price

Auction Technology Group (LON:ATG) had its target price reduced by stock analysts at Royal Bank Of Canada from GBX 500 to GBX 415 in a research report issued to clients and investors on Wednesday, August 6th, MarketBeat.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 24.81% from the stock’s previous close.

Several other research analysts have also weighed in on ATG. Deutsche Bank Aktiengesellschaft lowered their price target on Auction Technology Group from GBX 910 to GBX 815 and set a “buy” rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price target on Auction Technology Group from GBX 725 to GBX 710 and set an “overweight” rating for the company in a report on Tuesday, August 5th. Finally, Berenberg Bank reduced their price target on Auction Technology Group from GBX 660 to GBX 560 and set a “buy” rating on the stock in a research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 625.

Auction Technology Group Trading Down 2.5%

LON:ATG traded down GBX 8.50 during mid-day trading on Wednesday, hitting GBX 332.50. The company had a trading volume of 456,023 shares, compared to its average volume of 626,664. Auction Technology Group has a fifty-two week low of GBX 329 and a fifty-two week high of GBX 658. The business’s fifty day moving average is GBX 442.05 and its two-hundred day moving average is GBX 519.65. The company has a debt-to-equity ratio of 18.16, a quick ratio of 1.36 and a current ratio of 0.62. The firm has a market cap of £410.75 million, a P/E ratio of 40.61 and a beta of 1.29.

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”).