Angling Direct (LON:ANG) Trading Up 0.6% – Should You Buy?

Shares of Angling Direct PLC (LON:ANG) shot up 0.6% during trading on Friday . The stock traded as high as GBX 56 and last traded at GBX 55.33. 11,536 shares were traded during mid-day trading, a decline of 63% from the average session volume of 31,530 shares. The stock had previously closed at GBX 55.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on Angling Direct from GBX 60 to GBX 67 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 67.

Angling Direct Trading Up 0.6%

The company has a debt-to-equity ratio of 32.63, a current ratio of 2.61 and a quick ratio of 1.50. The business’s 50-day simple moving average is GBX 52.42 and its two-hundred day simple moving average is GBX 50.57. The stock has a market capitalization of £40.40 million, a price-to-earnings ratio of 22.13 and a beta of 1.43.

Angling Direct Company Profile

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.