Microlise Group (LON:SAAS) Coverage Initiated at Canaccord Genuity Group

Equities research analysts at Canaccord Genuity Group started coverage on shares of Microlise Group (LON:SAAS) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a GBX 199 ($2.58) price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 77.68% from the stock’s current price.

Microlise Group Stock Down 0.4 %

Shares of LON SAAS opened at GBX 112 ($1.45) on Thursday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08. The stock has a market capitalization of £129.69 million, a PE ratio of 95.85 and a beta of 0.19. Microlise Group has a one year low of GBX 88 ($1.14) and a one year high of GBX 178 ($2.30). The business’s fifty day moving average price is GBX 109.01 and its 200-day moving average price is GBX 110.13.

Microlise Group (LON:SAAS) last released its quarterly earnings data on Thursday, March 27th. The company reported GBX 4.19 ($0.05) EPS for the quarter. Microlise Group had a net margin of 2.14% and a return on equity of 1.87%. On average, equities research analysts anticipate that Microlise Group will post 5.5260831 EPS for the current year.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia