Canaccord Genuity Group Issues Pessimistic Forecast for Boku (LON:BOKU) Stock Price

Boku (LON:BOKU) had its target price lowered by equities researchers at Canaccord Genuity Group from GBX 324 to GBX 263 in a research note issued to investors on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 176.84% from the stock’s previous close.

Separately, Jefferies Financial Group cut their target price on Boku from GBX 334 to GBX 311 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Boku currently has an average rating of “Buy” and an average target price of GBX 295.50.

Boku Stock Up 1.0%

LON:BOKU opened at GBX 95 on Thursday. Boku has a 12-month low of GBX 90 and a 12-month high of GBX 250. The company has a quick ratio of 1.38, a current ratio of 1.28 and a debt-to-equity ratio of 3.55. The firm has a market capitalization of £277.61 million, a P/E ratio of 23.75 and a beta of 0.10. The stock’s fifty day simple moving average is GBX 156.72 and its 200-day simple moving average is GBX 181.27.

Insiders Place Their Bets

In other Boku news, insider Stuart Paul Neal bought 106,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was purchased at an average cost of GBX 95 per share, with a total value of £100,700. Corporate insiders own 5.72% of the company’s stock.

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