Canaccord Genuity Group Reaffirms “Buy” Rating for Water Intelligence (LON:WATR)

Water Intelligence (LON:WATR)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a GBX 515 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 95.82% from the company’s previous close.

Water Intelligence Price Performance

Shares of LON:WATR opened at GBX 263 on Monday. The firm’s 50 day moving average price is GBX 324.34 and its 200-day moving average price is GBX 284.73. Water Intelligence has a twelve month low of GBX 210 and a twelve month high of GBX 360. The company has a quick ratio of 2.17, a current ratio of 1.43 and a debt-to-equity ratio of 50.84. The stock has a market capitalization of £44.19 million, a PE ratio of 10.78, a price-to-earnings-growth ratio of -1.23 and a beta of 0.98.

About Water Intelligence

Water Intelligence plc, together with its subsidiaries, provides leak detection and remediation services for potable and non-potable water in the United States, the United Kingdom, Australia, Canada, and internationally. The company operates through Franchise Royalty Income, Franchise-Related Activities, US Corporate Operated Locations, and International Corporate Operated Locations segments. It offers water leak and repair solutions. The company is involved in franchising activities, as well as operates corporate owned stores.