Auction Technology Group PLC 49.4% potential upside indicated by Berenberg Bank

Auction Technology Group PLC with ticker (LON:ATG) now has a potential upside of 49.4% according to Berenberg Bank.



Berenberg Bank set a target price of 710 GBX for the company, which when compared to the Auction Technology Group PLC share price of 475 GBX at opening today (12/01/2024) indicates a potential upside of 49.4%. Trading has ranged between 440 (52 week low) and 810 (52 week high) with an average of 537,198 shares exchanging hands daily. The market capitalisation at the time of writing is £566,240,717.

Auction Technology Group PLC is an investment holding company that provides management services to its subsidiaries. The Company is the operator of marketplaces for curated online auctions. It operates through four segments: Arts & Antiques (A&A), Industrial & Commercial (I&C), Auction Services, and Content. The A&A segment offers 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 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.