SQS Software Quality Systems AG (SQS) Lifted to “Buy” at Numis Securities Ltd
SQS Software Quality Systems AG (LON:SQS) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a research report issued on Monday, MarketBeat reports. The brokerage currently has a GBX 603 ($7.67) price objective on the stock. Numis Securities Ltd’s target price points to a potential upside of 33.27% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Panmure Gordon dropped their price target on shares of SQS Software Quality Systems AG from GBX 771 ($9.81) to GBX 688 ($8.75) and set a “buy” rating on the stock in a research note on Thursday, March 9th. Canaccord Genuity lowered their target price on shares of SQS Software Quality Systems AG from GBX 650 ($8.27) to GBX 620 ($7.89) and set a “buy” rating on the stock in a research note on Wednesday, March 8th. Finally, N+1 Singer lowered shares of SQS Software Quality Systems AG to a “hold” rating and lowered their target price for the company from GBX 858 ($10.91) to GBX 599 ($7.62) in a research note on Thursday, March 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. SQS Software Quality Systems AG currently has a consensus rating of “Buy” and a consensus target price of GBX 632 ($8.04).
Shares of SQS Software Quality Systems AG (LON SQS) traded up 16.38% during mid-day trading on Monday, reaching GBX 515.00. 1,341 shares of the company were exchanged. The company’s market capitalization is GBX 163.13 million. SQS Software Quality Systems AG has a 12 month low of GBX 400.01 and a 12 month high of GBX 645.00. The firm’s 50-day moving average is GBX 437.93 and its 200-day moving average is GBX 530.41.
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About SQS Software Quality Systems AG
SQS Software Quality Systems AG (SQS) is a Germany-based provider of software testing and quality management services. The Company operates in three business segments: Managed Services (MS), which includes long term engagements for testing standard software package products; Specialist Consultancy Services (SCS), which includes transformation and quality in projects with skills, including SAP, Product Lifecycle Management (PLM), process consulting and improvement, and load and performance testing; and Regular Testing Services (RTS), which includes consultancy services on a local basis and contracted for a short term (three months).
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