Peel Hunt Boosts IDOX (LON:IDOX) Price Target to GBX 81

IDOX (LON:IDOX) had its price target increased by Peel Hunt from GBX 78 ($1.02) to GBX 81 ($1.06) in a report published on Monday, LSE.Co.UK reports. Peel Hunt currently has a buy rating on the stock.

Several other equities research analysts have also commented on IDOX. Canaccord Genuity lowered shares of IDOX to a hold rating and set a GBX 68 ($0.89) price target on the stock. in a research note on Wednesday, April 28th. Peel Hunt raised their price target on shares of IDOX from GBX 78 ($1.02) to GBX 81 ($1.06) and gave the company a buy rating in a research note on Monday.

Shares of LON:IDOX opened at GBX 63.80 ($0.83) on Monday. The company has a 50 day moving average price of GBX 63.05. IDOX has a 52 week low of GBX 40 ($0.52) and a 52 week high of GBX 79 ($1.03). The firm has a market capitalization of £284.04 million and a price-to-earnings ratio of 212.67. The company has a quick ratio of 1.36, a current ratio of 1.43 and a debt-to-equity ratio of 108.15.

About IDOX

Idox plc, through its subsidiaries, provides software solutions and information services for the management of local government and other organizations. The company operates through three segments: Public Sector Software, Engineering Information Management, and Content. It offers tools to manage information and knowledge, documents, content, business processes, and workflow, as well as connects directly with the citizens through the Web; elections management solutions; and decision support content, which include grants and planning policy information, as well as corporate compliance services.

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