Proservice Building Services Marketplace’s (PRO) Speculative Buy Rating Reaffirmed at Canaccord Genuity Group

Proservice Building Services Marketplace (LON:PRO)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity Group in a report released on Tuesday, London Stock Exchange reports. They currently have a GBX 5 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 90.11% from the company’s previous close.

Proservice Building Services Marketplace Price Performance

Shares of Proservice Building Services Marketplace stock opened at GBX 2.63 on Tuesday. Proservice Building Services Marketplace has a 1 year low of GBX 1.50 and a 1 year high of GBX 9.50. The firm has a market cap of £21.02 million and a PE ratio of -5.16. The company has a 50 day simple moving average of GBX 2.28 and a two-hundred day simple moving average of GBX 3.78.

Proservice Building Services Marketplace (LON:PRO) last released its quarterly earnings results on Tuesday, September 8th. The company reported GBX (0.92) EPS for the quarter.

Insider Activity

In related news, insider Tom Shorten bought 639,466 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was bought at an average cost of GBX 2 per share, for a total transaction of £12,789.32. Corporate insiders own 1.47% of the company’s stock.

Proservice Building Services Marketplace Company Profile

ProService Building Services Marketplace plc (“ProService”) is the leading digital marketplace business focussed on customer and supplier acquisition. Technology driven, scalable and uniquely differentiated, ProService is a one-stop-shop providing a wide range of building-related product and services for over 7,000 active account customers per month, in product verticals including equipment hire, training, fuel, equipment sales and building materials. ProService acts as principal with buyers and sellers, but all deliveries and collections are the responsibility of sellers (direct to buyer).