Canaccord Genuity Group Raises Calnex Solutions (LON:CLX) Price Target to GBX 125

Calnex Solutions (LON:CLX) had its target price lifted by Canaccord Genuity Group from GBX 115 to GBX 125 in a report released on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 77.18% from the stock’s previous close.

Calnex Solutions Stock Performance

Shares of LON:CLX opened at GBX 70.55 on Wednesday. The company has a market cap of £62.08 million, a price-to-earnings ratio of 102.25 and a beta of 1.02. The company has a 50-day moving average price of GBX 57.66 and a 200-day moving average price of GBX 52.25. The company has a current ratio of 4.38, a quick ratio of 3.22 and a debt-to-equity ratio of 4.06. Calnex Solutions has a 12 month low of GBX 40 and a 12 month high of GBX 88.40.

Calnex Solutions (LON:CLX) last issued its quarterly earnings data on Tuesday, May 26th. The company reported GBX 0.83 EPS for the quarter. The firm had revenue of GBX 2,188 million during the quarter. Calnex Solutions had a net margin of 3.27% and a return on equity of 2.30%. As a group, equities analysts anticipate that Calnex Solutions will post 0.3596909 EPS for the current year.

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, cloud computing and defence industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecoms and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.