Cerillion (LON:CER) Shares Up 11.4% – What’s Next?

Cerillion Plc (LON:CER)’s share price traded up 11.4% during trading on Thursday . The company traded as high as GBX 1,380 and last traded at GBX 1,370. 200,988 shares traded hands during trading, an increase of 47% from the average session volume of 136,885 shares. The stock had previously closed at GBX 1,230.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 2,125 price target on shares of Cerillion in a research report on Monday, November 24th. Panmure Gordon reiterated a “buy” rating and issued a GBX 2,000 price objective on shares of Cerillion in a research note on Monday, November 24th. Canaccord Genuity Group reduced their target price on shares of Cerillion from GBX 2,350 to GBX 2,250 and set a “buy” rating for the company in a report on Monday, November 24th. Finally, Peel Hunt restated a “buy” rating and set a GBX 2,020 target price on shares of Cerillion in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 2,098.75.

Cerillion Trading Up 12.2%

The company has a quick ratio of 2.75, a current ratio of 4.13 and a debt-to-equity ratio of 5.77. The company’s 50-day moving average is GBX 1,323.36 and its 200 day moving average is GBX 1,421.65. The company has a market cap of £407.11 million, a price-to-earnings ratio of 24.56 and a beta of 0.90.

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

Insiders Place Their Bets

In other news, insider Andrew Dickson sold 4,055 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of GBX 1,405, for a total value of £56,972.75. Insiders own 21.23% of the company’s stock.

About Cerillion

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. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.