Beeks Financial Cloud Group (LON:BKS) Given Buy Rating at Canaccord Genuity Group

Beeks Financial Cloud Group (LON:BKS)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 335 ($4.26) price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 56.54% from the stock’s current price.

Beeks Financial Cloud Group Trading Up 15.1 %

Shares of BKS traded up GBX 28 ($0.36) on Tuesday, hitting GBX 214 ($2.72). 580,557 shares of the stock traded hands, compared to its average volume of 307,961. Beeks Financial Cloud Group has a 1 year low of GBX 162 ($2.06) and a 1 year high of GBX 327 ($4.16). The stock’s 50 day moving average is GBX 262.60 and its two-hundred day moving average is GBX 265.93. The firm has a market capitalization of £139.89 million, a P/E ratio of 63.29 and a beta of 0.38. The company has a quick ratio of 1.85, a current ratio of 2.09 and a debt-to-equity ratio of 7.72.

Beeks Financial Cloud Group (LON:BKS) last posted its quarterly earnings data 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, sell-side analysts predict that Beeks Financial Cloud Group will post 7.3180848 earnings per share for the current year.

Insider Activity

In related news, insider Andrew William Crawford Meldrum acquired 4,950 shares of the stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of GBX 218 ($2.77) per share, with a total value of £10,791 ($13,736.00). Corporate insiders own 44.43% of the company’s stock.

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.