Berenberg Bank Reiterates Buy Rating for Molten Ventures (LON:GROW)

Molten Ventures (LON:GROW)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 580 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 31.04% from the company’s current price.

Molten Ventures Trading Up 5.5%

Molten Ventures stock traded up GBX 23.20 during trading hours on Tuesday, reaching GBX 442.60. The company had a trading volume of 560,037 shares, compared to its average volume of 1,090,076. The company has a debt-to-equity ratio of 7.15, a current ratio of 197.67 and a quick ratio of 4.37. Molten Ventures has a 12-month low of GBX 215.60 and a 12-month high of GBX 498.40. The company has a 50-day moving average price of GBX 414.77 and a 200 day moving average price of GBX 361.96. The firm has a market cap of £777.96 million, a price-to-earnings ratio of -1,106.50 and a beta of 1.25.

Molten Ventures (LON:GROW) last issued its earnings results on Tuesday, November 25th. The company reported GBX 42 EPS for the quarter. Molten Ventures had a negative net margin of 369.09% and a negative return on equity of 3.42%. Equities analysts forecast that Molten Ventures will post 36.9209809 earnings per share for the current year.

Insider Activity at Molten Ventures

In other news, insider Benjamin David Wilkinson acquired 7,197 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was acquired at an average price of GBX 348 per share, for a total transaction of £25,045.56. Over the last three months, insiders have bought 14,686 shares of company stock valued at $5,110,728. Company insiders own 1.54% of the company’s stock.

About Molten Ventures

Molten Ventures is a leading British venture capital firm backing Europe’s highest-growth private technology companies.

Our expert investment team stay ahead of the curve, identifying transformative trends and next-generation companies before they break through. We combine multiple pools of capital to invest at all stages of the business lifecycle—from seed and early stage to growth and late stage—focusing on disruptive sectors like Spacetech, Fintech, and AI.