Eagle Eye Solutions Group (LON:EYE) Trading Up 7.5% Following Analyst Upgrade

Eagle Eye Solutions Group plc (LON:EYE) shares shot up 7.5% on Friday after Canaccord Genuity Group raised their price target on the stock from GBX 660 to GBX 675. Canaccord Genuity Group currently has a buy rating on the stock. Eagle Eye Solutions Group traded as high as GBX 503.89 and last traded at GBX 500. 511,948 shares traded hands during mid-day trading, an increase of 568% from the average daily volume of 76,641 shares. The stock had previously closed at GBX 465.

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Eagle Eye Solutions Group in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Eagle Eye Solutions Group currently has an average rating of “Buy” and a consensus price target of GBX 675.

Insiders Place Their Bets

In related news, insider Anne De Kerckhove acquired 3,921 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was bought at an average price of GBX 383 per share, for a total transaction of £15,017.43. 24.88% of the stock is currently owned by company insiders.

Eagle Eye Solutions Group Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.57 and a quick ratio of 1.08. The company has a 50-day simple moving average of GBX 451.31 and a 200-day simple moving average of GBX 381.05. The stock has a market cap of £151.13 million, a PE ratio of -1,470.59 and a beta of 0.64.

Eagle Eye Solutions Group Company Profile

Eagle Eye is a leading SaaS and AI company, enabling retail, travel and hospitality brands to earn lasting customer loyalty through harnessing the power of real-time, omnichannel and personalized marketing. Our powerful technology combines the world’s most flexible and scalable loyalty and promotions capability with cutting edge, built-for-purpose AI to deliver 1:1 personalization at scale for enterprise businesses, globally.

Our growing customer base includes Loblaws, Southeastern Grocers, Giant Eagle, Asda, Tesco, Morrisons, JD Sports, E.Leclerc, Carrefour, the Woolworths Group and many more.