Canaccord Genuity Group Reaffirms “Buy” Rating for Microlise Group (LON:SAAS)

Microlise Group (LON:SAAS)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 191 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 112.22% from the company’s current price.

Separately, Berenberg Bank dropped their target price on Microlise Group from GBX 210 to GBX 145 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Microlise Group currently has an average rating of “Buy” and an average price target of GBX 168.

Microlise Group Price Performance

LON SAAS traded down GBX 0.02 during trading hours on Monday, reaching GBX 90. 49,301 shares of the stock traded hands, compared to its average volume of 71,125. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08. The stock has a 50 day simple moving average of GBX 94.76 and a two-hundred day simple moving average of GBX 117.62. Microlise Group has a 1 year low of GBX 89 and a 1 year high of GBX 150. The company has a market cap of £104.35 million, a price-to-earnings ratio of -131.77 and a beta of 0.19.

Microlise Group Company Profile

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia