Numis Securities Ltd Reiterates “Buy” Rating for Blinkx (BLNX)
Blinkx (LON:BLNX)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Monday, Stock Ratings Network reports. They currently have a GBX 255 ($4.20) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 21.32% from the company’s current price.
Shares of Blinkx (LON:BLNX) traded up 2.41% during mid-day trading on Monday, hitting GBX 210.19. The stock had a trading volume of 2,955,420 shares. Blinkx has a 1-year low of GBX 57.75 and a 1-year high of GBX 234.75. The stock has a 50-day moving average of GBX 201.3 and a 200-day moving average of GBX 162.4.
A number of other firms have also recently commented on BLNX. Analysts at Citigroup Inc. raised their price target on shares of Blinkx from GBX 220 ($3.63) to GBX 245 ($4.04) in a research note to investors on Thursday, December 5th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Blinkx from GBX 215 ($3.54) to GBX 325 ($5.36) in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Blinkx in a research note to investors on Tuesday, November 5th. They now have a GBX 190 ($3.13) price target on the stock. Five investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of GBX 233 ($3.84).
Blinkx Plc is a holding company. The principal activity of the Company, along with its subsidiaries, consists of the provision of video search and advertising services on the Internet.
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