Kofax Price Target Raised to GBX 425 at Canaccord Genuity (KFX)
Investment analysts at Canaccord Genuity increased their price target on shares of Kofax (LON:KFX) from GBX 400 ($6.42) to GBX 425 ($6.82) in a note issued to investors on Friday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 14.86% from the company’s current price.
KFX has been the subject of a number of other recent research reports. Analysts at Panmure Gordon upgraded shares of Kofax to a “buy” rating in a research note to investors on Friday, October 4th. They now have a GBX 391 ($6.27) price target on the stock, up previously from GBX 385 ($6.18). Separately, analysts at Jefferies Group raised their price target on shares of Kofax from GBX 380 ($6.10) to GBX 450 ($7.22) in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 365.24 ($5.86).
Kofax (LON:KFX) traded up 0.41% on Friday, hitting GBX 368.00. 2,407 shares of the company’s stock traded hands. Kofax has a 52-week low of GBX 260.00 and a 52-week high of GBX 388.00. The stock’s 50-day moving average is GBX 353.1 and its 200-day moving average is GBX 331.0. The company’s market cap is £311.7 million.
Kofax PLC is a provider of capture enabled business process management (LON:KFX) solutions.
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