Blue Prism Group (LON:PRSM) Coverage Initiated at Berenberg Bank

Stock analysts at Berenberg Bank assumed coverage on shares of Blue Prism Group (LON:PRSM) in a note issued to investors on Monday, Digital Look reports. The brokerage set a “hold” rating and a GBX 1,200 ($15.68) price target on the stock. Berenberg Bank’s price target indicates a potential upside of 17.07% from the company’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of Blue Prism Group in a report on Friday, June 28th.

LON:PRSM traded down GBX 75 ($0.98) on Monday, hitting GBX 1,025 ($13.39). The stock had a trading volume of 1,148,903 shares, compared to its average volume of 151,059. The company’s fifty day moving average price is GBX 1,363.88. The company has a market cap of $823.10 million and a P/E ratio of -12.67. Blue Prism Group has a 52 week low of GBX 1,002 ($13.09) and a 52 week high of GBX 2,635 ($34.43).

About Blue Prism Group

Blue Prism Group plc, together with its subsidiaries, engages in the licensing of robotic process automation software in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company offers digital workforce platform; intelligent automation skills; and blue prism digital exchange for downloading disruptive and AI-enabled capabilities.

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