Cerillion (LON:CER) Share Price Breaks Above 50 Day Moving Average – Here’s Why

Cerillion Plc (LON:CER) shares passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 761.26 and traded as high as GBX 770. Cerillion shares last traded at GBX 770, with a volume of 65,756 shares trading hands.

Analyst Ratings Changes

CER has been the subject of several analyst reports. Berenberg Bank decreased their price target on shares of Cerillion from GBX 2,015 to GBX 1,375 and set a “buy” rating for the company in a research report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Cerillion from GBX 1,400 to GBX 1,200 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Finally, Canaccord Genuity Group reduced their price objective on shares of Cerillion from GBX 2,060 to GBX 1,760 and set a “buy” rating for the company in a research note on Monday, September 14th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,671.

Cerillion Price Performance

The stock has a 50-day moving average price of GBX 757.78 and a two-hundred day moving average price of GBX 1,139.13. The company has a current ratio of 4.83, a quick ratio of 2.75 and a debt-to-equity ratio of 6.60. The stock has a market cap of £233.38 million, a price-to-earnings ratio of 17.06 and a beta of 0.49.

Insiders Place Their Bets

In other Cerillion news, insider Guy O’Connor purchased 20,000 shares of the stock in a transaction on Wednesday, October 21st. The stock was acquired at an average price of GBX 690 per share, with a total value of £138,000. Corporate insiders own 21.27% of the company’s stock.

About Cerillion

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities.

Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.