Canaccord Genuity Group Cuts Cerillion (LON:CER) Price Target to GBX 1,760

Cerillion (LON:CER) had its target price trimmed by Canaccord Genuity Group from GBX 2,060 to GBX 1,760 in a report issued on Monday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

CER has been the subject of a number of other reports. Berenberg Bank restated a “buy” rating and issued a GBX 2,015 price objective on shares of Cerillion in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft cut their target price on Cerillion from GBX 1,575 to GBX 1,400 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,671.

Cerillion Price Performance

CER stock opened at GBX 760 on Monday. The company has a fifty day moving average price of GBX 968.06 and a 200-day moving average price of GBX 1,164.69. The company has a market capitalization of £224.52 million, a P/E ratio of 16.41 and a beta of 0.49. Cerillion has a 52-week low of GBX 650 and a 52-week high of GBX 1,770. The company has a debt-to-equity ratio of 6.60, a quick ratio of 2.75 and a current ratio of 4.83.

Cerillion Company Profile

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.