Ideagen (LON:IDEA) Earns “Buy” Rating from Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of Ideagen (LON:IDEA) in a research note issued to investors on Wednesday, Digital Look reports. Canaccord Genuity currently has a GBX 180 ($2.35) target price on the stock.

Separately, FinnCap restated a corporate rating on shares of Ideagen in a research note on Friday, October 11th.

Ideagen stock remained flat at $GBX 152 ($1.99) during midday trading on Wednesday. The company had a trading volume of 119,495 shares, compared to its average volume of 93,247. The firm has a fifty day moving average price of GBX 148.79 and a 200-day moving average price of GBX 145.32. The stock has a market capitalization of $343.76 million and a PE ratio of 253.33. Ideagen has a 52-week low of GBX 41 ($0.54) and a 52-week high of GBX 160.45 ($2.10). The company has a debt-to-equity ratio of 10.18, a current ratio of 0.69 and a quick ratio of 0.61.

In other news, insider David Hornsby sold 260,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 148 ($1.93), for a total transaction of £384,800 ($502,809.36). Also, insider Ben Dorks sold 650,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of GBX 148 ($1.93), for a total value of £962,000 ($1,257,023.39).

About Ideagen

Ideagen plc develops and supplies information management software in the United Kingdom, the United States, Bulgaria, Malaysia, and the Middle East. Its governance, risk and compliance (GRC) management solutions comprise Q-Pulse QMS, an electronic quality management system; Q-Pulse PM, a product management software; Pentana Audit, an audit automation application; Pentana Disclose, a financial disclosure checklist software; Pentana Performance, a cloud-based performance and risk management software; Coruson, an enterprise cloud safety management software; and PleaseReview, a document review, co-authoring, and redaction software.

Featured Article: Which market index is the best?

Receive News & Ratings for Ideagen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideagen and related companies with MarketBeat.com's FREE daily email newsletter.