Nexteq (LON:NXQ) Rating Reiterated by Canaccord Genuity Group

Nexteq (LON:NXQ)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 200 ($2.62) price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 106.19% from the company’s current price.

Nexteq Stock Performance

Shares of Nexteq stock opened at GBX 97 ($1.27) on Tuesday. The business’s 50 day simple moving average is GBX 101.25 and its 200 day simple moving average is GBX 130.14. Nexteq has a 52-week low of GBX 74.95 ($0.98) and a 52-week high of GBX 160 ($2.09). The firm has a market cap of £63.02 million, a PE ratio of 808.33 and a beta of 1.36.

Nexteq Company Profile

Nexteq plc operates as a business-to-business technology design and supply chain partner to industrial equipment manufacturers North America, Europe, Asia, Australia, rest of the United Kingdom, and internationally. It operates through two divisions, Quixant and Densitron. The Quixant segment engages in the design, development, and manufacture of gaming platforms and display solutions, such as cabinets and other computer platforms, as well as software for the casino gaming and slot machine industry.