Canaccord Genuity Group Reaffirms Buy Rating for Microlise Group (LON:SAAS)

Microlise Group (LON:SAAS)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a report issued on Monday, MarketBeat Ratings reports. They currently have a GBX 191 price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 121.45% from the stock’s previous close.

Separately, Berenberg Bank dropped their price objective on Microlise Group from GBX 210 to GBX 145 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 168.

Microlise Group Stock Performance

Shares of SAAS opened at GBX 86.25 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.25 and a debt-to-equity ratio of 2.38. Microlise Group has a 52-week low of GBX 86.25 and a 52-week high of GBX 150. The company has a 50-day simple moving average of GBX 94.30 and a 200-day simple moving average of GBX 116.99. The company has a market capitalization of £100.00 million, a PE ratio of -126.28 and a beta of 0.19.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia