Canaccord Genuity Group Reiterates Buy Rating for Beeks Financial Cloud Group (LON:BKS)

Beeks Financial Cloud Group (LON:BKS)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 335 ($4.28) price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 52.97% from the company’s current price.

Beeks Financial Cloud Group Trading Up 2.3 %

Beeks Financial Cloud Group stock opened at GBX 219 ($2.80) on Tuesday. Beeks Financial Cloud Group has a 12 month low of GBX 162 ($2.07) and a 12 month high of GBX 327 ($4.18). The business’s fifty day simple moving average is GBX 258.09 and its two-hundred day simple moving average is GBX 264.80. The company has a market capitalization of £143.16 million, a price-to-earnings ratio of 64.77 and a beta of 0.38. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 7.72.

Beeks Financial Cloud Group (LON:BKS) last posted its earnings results on Monday, March 17th. The company reported GBX 0.47 ($0.01) EPS for the quarter. Beeks Financial Cloud Group had a return on equity of 6.12% and a net margin of 7.70%. As a group, equities analysts predict that Beeks Financial Cloud Group will post 7.3180848 earnings per share for the current fiscal year.

Insider Activity at Beeks Financial Cloud Group

In related news, insider Andrew William Crawford Meldrum acquired 4,950 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average cost of GBX 218 ($2.79) per share, for a total transaction of £10,791 ($13,788.65). 44.43% of the stock is currently owned by company insiders.

About Beeks Financial Cloud Group

Cloud computing is crucial to Capital Markets and finance. Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.