Celebrus Technologies (LON:CLBS) Shares Down 3.3% – Here’s Why

Shares of Celebrus Technologies plc (LON:CLBS) were down 3.3% during mid-day trading on Wednesday . The company traded as low as GBX 130.50 and last traded at GBX 130.50. Approximately 2,331 shares traded hands during trading, a decline of 98% from the average daily volume of 99,575 shares. The stock had previously closed at GBX 135.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on Celebrus Technologies from GBX 290 to GBX 280 and set a “buy” rating on the stock in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Celebrus Technologies presently has a consensus rating of “Buy” and an average price target of GBX 280.

Celebrus Technologies Price Performance

The firm’s 50-day moving average price is GBX 137.92 and its 200 day moving average price is GBX 155.78. The firm has a market capitalization of £51.34 million, a price-to-earnings ratio of 13.75 and a beta of 1.34.

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.