Canaccord Genuity Group Lowers Cerillion (LON:CER) Price Target to GBX 2,250

Cerillion (LON:CER) had its price objective decreased by equities research analysts at Canaccord Genuity Group from GBX 2,350 to GBX 2,250 in a report issued on Monday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 61.61% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Peel Hunt reissued a “buy” rating and set a GBX 2,020 target price on shares of Cerillion in a research report on Monday. Berenberg Bank reissued a “buy” rating and set a GBX 2,125 price objective on shares of Cerillion in a report on Monday. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 2,000 price objective on shares of Cerillion in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Cerillion has a consensus rating of “Buy” and an average target price of GBX 2,098.75.

Cerillion Price Performance

Shares of CER stock opened at GBX 1,392.25 on Monday. Cerillion has a twelve month low of GBX 1,200 and a twelve month high of GBX 1,950. The company has a current ratio of 4.13, a quick ratio of 2.75 and a debt-to-equity ratio of 5.77. The stock has a fifty day simple moving average of GBX 1,454.82 and a two-hundred day simple moving average of GBX 1,527.57. The stock has a market capitalization of £410.73 million, a price-to-earnings ratio of 28.94 and a beta of 0.90.

Cerillion (LON:CER) last released its quarterly earnings data on Monday, November 24th. The company reported GBX 56.50 earnings per share for the quarter. Cerillion had a return on equity of 30.92% and a net margin of 34.15%. On average, analysts predict that Cerillion will post 53.0708661 EPS for the current fiscal year.

Insider Activity

In other news, insider Andrew Dickson sold 4,055 shares of Cerillion stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of GBX 1,405, for a total value of £56,972.75. 21.18% of the stock is currently owned by insiders.

Cerillion Company Profile

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities.

Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution.