Nexteq’s (NXQ) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Nexteq (LON:NXQ)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research report issued on Tuesday, Marketbeat reports. They presently have a GBX 300 ($3.73) price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 96.72% from the company’s current price.

Nexteq Price Performance

Nexteq stock opened at GBX 152.50 ($1.90) on Tuesday. Nexteq has a 12 month low of GBX 92 ($1.15) and a 12 month high of GBX 178 ($2.22). The business has a 50 day simple moving average of GBX 149.85 and a 200-day simple moving average of GBX 123.40. The stock has a market capitalization of £101.47 million, a PE ratio of 1,173.08 and a beta of 1.19.

Insider Transactions at Nexteq

In other news, insider Johan Olivier sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of GBX 151 ($1.88), for a total transaction of £16,610 ($20,677.21). Company insiders own 43.41% of the company’s stock.

Nexteq Company Profile

Nexteq plc operates as a business-to-business technology design and supply chain partner to industrial equipment manufacturers North America, Europe, Asia, Australia, rest of the United Kingdom, and internationally. It operates through two divisions, Quixant and Densitron. The Quixant segment engages in the design, development, and manufacture of gaming platforms and display solutions, such as cabinets and other computer platforms, as well as software for the casino gaming and slot machine industry.