Proservice Building Services Marketplace (LON:PRO) Coverage Initiated at Canaccord Genuity Group

Equities research analysts at Canaccord Genuity Group assumed coverage on shares of Proservice Building Services Marketplace (LON:PRO) in a research note issued on Friday,London Stock Exchange reports. The brokerage set a “speculative buy” rating and a GBX 5 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 108.33% from the company’s current price.

Proservice Building Services Marketplace Price Performance

Shares of LON PRO opened at GBX 2.40 on Friday. Proservice Building Services Marketplace has a 1 year low of GBX 1.50 and a 1 year high of GBX 9.50. The stock has a market capitalization of £19.14 million and a P/E ratio of -4.71. The company’s 50-day moving average is GBX 2.42 and its 200 day moving average is GBX 4.35.

Insider Buying and Selling at Proservice Building Services Marketplace

In other news, insider Tom Shorten bought 639,466 shares of Proservice Building Services Marketplace stock in a transaction on Monday, July 20th. The shares were purchased at an average price of GBX 2 per share, for a total transaction of £12,789.32. Company insiders own 1.34% of the company’s stock.

About Proservice Building Services Marketplace

ProService Building Services Marketplace plc (“ProService”) is the leading digital marketplace business focussed on customer and supplier acquisition. Technology driven, scalable and uniquely differentiated, ProService is a one-stop-shop providing a wide range of building-related product and services for over 7,000 active account customers per month, in product verticals including equipment hire, training, fuel, equipment sales and building materials. ProService acts as principal with buyers and sellers, but all deliveries and collections are the responsibility of sellers (direct to buyer).