Canaccord Genuity Group Reaffirms Buy Rating for Accsys Technologies (LON:AXS)

Accsys Technologies (LON:AXS)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 130 target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 67.18% from the stock’s previous close.

Accsys Technologies Stock Up 1.0%

Shares of AXS stock opened at GBX 77.76 on Thursday. The company has a market capitalization of £188.92 million, a price-to-earnings ratio of 77.76 and a beta of 1.06. Accsys Technologies has a one year low of GBX 57.40 and a one year high of GBX 79.84. The company’s fifty day moving average price is GBX 70.45 and its 200-day moving average price is GBX 64.82. The company has a debt-to-equity ratio of 60.39, a current ratio of 1.92 and a quick ratio of 0.59.

About Accsys Technologies

Accsys Technologies PLC (Accsys) is transforming the global building materials sector as a market leader in sustainable, high-performance wood. With a purpose-driven commitment to “changing wood to change the world,” Accsys harnesses proprietary acetylation technology to turn fast-growing, certified timber into long-lasting, eco-friendly building materials. Its key flagship products, Accoya® solid wood and Tricoya® wood chips, are supported by 50-year warranties and recognised worldwide for exceptional durability, stability, and sustainability.