Water Intelligence (LON:WATR) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Water Intelligence (LON:WATR) had its target price hoisted by equities researchers at Canaccord Genuity Group from GBX 500 to GBX 515 in a note issued to investors on Wednesday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 98.08% from the stock’s previous close.

Water Intelligence Stock Down 3.7%

Shares of LON WATR opened at GBX 260 on Wednesday. The company has a debt-to-equity ratio of 47.19, a quick ratio of 2.17 and a current ratio of 1.34. Water Intelligence has a 1 year low of GBX 250 and a 1 year high of GBX 390. The stock’s 50-day simple moving average is GBX 302.63 and its 200-day simple moving average is GBX 294.58. The firm has a market cap of £44.08 million, a price-to-earnings ratio of 10.44, a PEG ratio of -1.23 and a beta of 0.84.

Water Intelligence Company Profile

Water Intelligence plc, together with its subsidiaries, provides leak detection and remediation services for potable and non-potable water in the United States, the United Kingdom, Australia, Canada, and internationally. The company operates through Franchise Royalty Income, Franchise-Related Activities, US Corporate Operated Locations, and International Corporate Operated Locations segments. It offers water leak and repair solutions. The company is involved in franchising activities, as well as operates corporate owned stores.