Bango (LON:BGO) Earns Buy Rating from Canaccord Genuity Group

Bango (LON:BGO)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a GBX 244 ($3.29) price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 177.27% from the stock’s current price.

Bango Price Performance

Bango stock opened at GBX 88 ($1.19) on Monday. Bango has a one year low of GBX 61.50 ($0.83) and a one year high of GBX 150 ($2.03). The business has a fifty day moving average price of GBX 84.89 and a 200-day moving average price of GBX 90.26. The company has a debt-to-equity ratio of 37.64, a current ratio of 0.71 and a quick ratio of 2.37. The firm has a market capitalization of £67.61 million, a P/E ratio of -9.70 and a beta of 0.36.

Insider Activity

In other Bango news, insider Paul Larbey purchased 10,635 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was purchased at an average price of GBX 84 ($1.13) per share, for a total transaction of £8,933.40 ($12,060.75). Over the last ninety days, insiders bought 27,124 shares of company stock worth $2,284,267. 37.91% of the stock is owned by company insiders.

Bango Company Profile

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.