Key Points
- Insider buying: Duncan Painter bought 55,000 Auction Technology Group shares on May 28 at GBX 419 each, worth about £230,450. This follows a larger purchase of 125,000 shares the day before at GBX 422.
- Stock performance: ATG shares opened at GBX 427.60, trading above both their 50-day and 200-day moving averages. The stock is still below its 12-month high of GBX 513 but well above its 12-month low of GBX 259.50.
- Analyst outlook: Analysts remain broadly positive, with four Buy ratings and one Hold rating. The consensus target price is GBX 549, though Deutsche Bank has a much higher target of GBX 815.
Auction Technology Group plc (LON:ATG - Get Free Report) insider Duncan Painter acquired 55,000 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average price of GBX 419 per share, with a total value of £230,450.
Duncan Painter also recently made the following trade(s):
- On Wednesday, May 27th, Duncan Painter purchased 125,000 shares of Auction Technology Group stock. The stock was bought at an average cost of GBX 422 per share, for a total transaction of £527,500.
Auction Technology Group Stock Performance
Shares of ATG stock opened at GBX 427.60 on Friday. The company's fifty day simple moving average is GBX 360.43 and its 200-day simple moving average is GBX 321.03. The company has a quick ratio of 1.36, a current ratio of 0.94 and a debt-to-equity ratio of 32.55. The firm has a market cap of £517.78 million, a PE ratio of -3.62 and a beta of 0.72. Auction Technology Group plc has a 12 month low of GBX 259.50 and a 12 month high of GBX 513.
Analyst Ratings Changes
Several equities analysts recently commented on ATG shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 815 price target on shares of Auction Technology Group in a research note on Friday, May 15th. Berenberg Bank reiterated a "buy" rating and issued a GBX 460 price objective on shares of Auction Technology Group in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 549.
Get Our Latest Stock Analysis on Auction Technology Group
About Auction Technology Group
(
Get Free Report)
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.
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