Canaccord Genuity Group Reiterates “Buy” Rating for Beeks Financial Cloud Group (LON:BKS)

Beeks Financial Cloud Group (LON:BKS)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 335 ($4.26) target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 56.54% from the company’s previous close.

Beeks Financial Cloud Group Trading Up 15.1 %

Shares of Beeks Financial Cloud Group stock traded up GBX 28 ($0.36) during trading hours on Tuesday, hitting GBX 214 ($2.72). The company’s stock had a trading volume of 580,557 shares, compared to its average volume of 307,961. The company has a quick ratio of 1.85, a current ratio of 2.09 and a debt-to-equity ratio of 7.72. The company has a market capitalization of £139.89 million, a PE ratio of 63.29 and a beta of 0.38. The business has a fifty day moving average of GBX 262.60 and a 200 day moving average of GBX 265.93. Beeks Financial Cloud Group has a 1-year low of GBX 162 ($2.06) and a 1-year high of GBX 327 ($4.16).

Beeks Financial Cloud Group (LON:BKS) last announced its quarterly earnings results on Monday, March 17th. The company reported GBX 0.47 ($0.01) earnings per share (EPS) for the quarter. Beeks Financial Cloud Group had a return on equity of 6.12% and a net margin of 7.70%. As a group, equities analysts forecast that Beeks Financial Cloud Group will post 7.3180848 EPS for the current year.

Insider Buying and Selling

In other news, insider Andrew William Crawford Meldrum acquired 4,950 shares of the business’s stock in a transaction on Monday, March 24th. The shares were purchased at an average price of GBX 218 ($2.77) per share, for a total transaction of £10,791 ($13,736.00). 44.43% of the stock is currently owned by corporate insiders.

About Beeks Financial Cloud Group

Cloud computing is crucial to Capital Markets and finance. Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.