Liberum Capital Cuts CPPGroup (LON:CPP) Price Target to GBX 6

CPPGroup (LON:CPP) had its target price decreased by Liberum Capital from GBX 8.30 ($0.11) to GBX 6 ($0.08) in a research report report published on Wednesday morning, Digital Look reports. Liberum Capital currently has a buy rating on the stock.

Shares of CPP stock opened at GBX 4.12 ($0.05) on Wednesday. The company has a debt-to-equity ratio of 41.44, a quick ratio of 1.20 and a current ratio of 1.21. The company has a market capitalization of $35.56 million and a P/E ratio of -41.20. The company’s 50 day moving average price is GBX 4.63 and its two-hundred day moving average price is GBX 5.22. CPPGroup has a 52 week low of GBX 3.50 ($0.05) and a 52 week high of GBX 10.70 ($0.14).

In related news, insider Tim Elliott bought 150,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of GBX 5 ($0.07) per share, for a total transaction of £7,500 ($9,800.08).

About CPPGroup

CPPGroup Plc provides product, marketing, and distribution services to businesses delivering tangible commercial benefits and solutions to their customers worldwide. It offers insurance and assistance products for the protection of mobile phones, payment cards, and household belongings; keeps travel plans moving; and monitors compromised personal data.

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