Auction Technology Group PLC 22.4% potential upside indicated by Berenberg Bank

Auction Technology Group PLC with ticker (LON:ATG) now has a potential upside of 22.4% according to Berenberg Bank.



Berenberg Bank set a target price of 900 GBX for the company, which when compared to the Auction Technology Group PLC share price of 735 GBX at opening today (18/07/2023) indicates a potential upside of 22.4%. Trading has ranged between 555 (52 week low) and 1,040 (52 week high) with an average of 221,862 shares exchanging hands daily. The market capitalisation at the time of writing is £892,701,760.

Auction Technology Group PLC is a United Kingdom-based technology company. The Company is the operator of marketplaces for curated online auctions. The Company operates through four segments: Arts & Antiques (A&A), Industrial & Commercial (I&C), Auction Services, and Content. The A&A segment is focused on offering auction houses that specialize in the sale of arts and antiques access to the platforms thesaleroom.com, liveauctioneers.com and lot-tissimo.com. The I&C segment is offers auction houses that specialize in the sale of industrial and commercial goods and machinery access to the platforms BidSpotter.com, BidSpotter.co.uk and Proxibid.com, as well as i-bidder.com for consumer surplus and retail returns. The Auction Services segment includes auction house back-office products with auction mobility and other white label products including Wavebid.com. The Content segment is focused on the Antiques Trade Gazette paper and online magazine. It also sells subscriptions to the Gazette.