Berenberg Bank Cuts Boku (LON:BOKU) Price Target to GBX 200

Boku (LON:BOKU) had its price objective reduced by equities researchers at Berenberg Bank from GBX 300 to GBX 200 in a research note issued to investors on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 100.60% from the company’s previous close.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group decreased their target price on Boku from GBX 324 to GBX 263 and set a “buy” rating for the company in a research report on Thursday. Jefferies Financial Group cut their target price on shares of Boku from GBX 334 to GBX 311 and set a “buy” rating on the stock in a report on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Boku has an average rating of “Buy” and an average price target of GBX 270.50.

Boku Stock Up 0.7%

LON:BOKU opened at GBX 99.70 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.28 and a debt-to-equity ratio of 3.55. Boku has a 12-month low of GBX 90 and a 12-month high of GBX 250. The stock’s fifty day simple moving average is GBX 153.37 and its 200-day simple moving average is GBX 179.71. The firm has a market capitalization of £291.34 million, a P/E ratio of 24.93 and a beta of 0.10.

Insider Transactions at Boku

In other news, insider Rob Whittick bought 65,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were acquired at an average price of GBX 99 per share, with a total value of £64,350. Also, insider Stuart Paul Neal purchased 106,000 shares of Boku stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of GBX 95 per share, with a total value of £100,700. 5.72% of the stock is currently owned by company insiders.

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