Canaccord Genuity Group Issues Pessimistic Forecast for Celebrus Technologies (LON:CLBS) Stock Price

Celebrus Technologies (LON:CLBS) had its price target lowered by equities researchers at Canaccord Genuity Group from GBX 290 to GBX 280 in a note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 105.13% from the stock’s current price.

Celebrus Technologies Stock Up 1.1%

Shares of LON CLBS opened at GBX 136.50 on Wednesday. The firm’s 50-day moving average price is GBX 146.24 and its 200-day moving average price is GBX 159.18. Celebrus Technologies has a 52-week low of GBX 125 and a 52-week high of GBX 306. The company has a market cap of £53.70 million, a PE ratio of 14.38 and a beta of 1.34.

Insiders Place Their Bets

In other Celebrus Technologies news, insider Bill Bruno sold 21,164 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of GBX 160, for a total transaction of £33,862.40. Corporate insiders own 17.42% of the company’s stock.

About Celebrus Technologies

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.