Auction Technology Group (LON:ATG) Trading 23.6% Higher – What’s Next?
by Renee Jackson · The Cerbat GemShares of Auction Technology Group plc (LON:ATG – Get Free Report) shot up 23.6% during trading on Monday . The company traded as high as GBX 339 and last traded at GBX 335. 8,143,176 shares were traded during mid-day trading, an increase of 43% from the average session volume of 5,708,892 shares. The stock had previously closed at GBX 270.95.
Auction Technology Group News Summary
Here are the key news stories impacting Auction Technology Group this week:
- Positive Sentiment: The board has rejected non-binding approaches from FitzWalter but confirmed it received approaches — news that typically lifts shares because it signals potential M&A interest and the possibility of a future, improved offer or competitive process. Auction Technology Group Rejects Takeover Approaches From FitzWalter LONDON BRIEFING: Auction Technology rejects 11 FitzWalter buyout bids
- Neutral Sentiment: Key context: the company says there’s been interest but no firm offer or negotiations. Financials and valuation remain mixed (negative trailing P/E, modest market cap), and volumes spiked — monitor for follow-up filings or a formal approach that would more clearly move the share price.
Analyst Upgrades and Downgrades
ATG has been the subject of several research analyst reports. Berenberg Bank cut their price objective on Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating for the company in a report on Thursday, November 27th. Royal Bank Of Canada decreased their price objective on Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating on the stock in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their target price on shares of Auction Technology Group from GBX 690 to GBX 695 and gave the company an “overweight” rating in a research note on Friday, November 28th. Finally, Peel Hunt cut their target price on shares of Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 549.
Auction Technology Group Price Performance
The firm has a market capitalization of £403.87 million, a PE ratio of -2.83 and a beta of 1.29. 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 stock has a fifty day moving average price of GBX 287.65 and a 200-day moving average price of GBX 346.56.
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”).
The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.