Berenberg Bank Issues Pessimistic Forecast for Cerillion (LON:CER) Stock Price

Cerillion (LON:CER) had its price objective reduced by equities researchers at Berenberg Bank from GBX 2,200 to GBX 2,015 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 48.71% from the company’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,250 price objective on shares of Cerillion in a research note on Friday, January 9th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 2,071.25.

Cerillion Price Performance

Shares of LON:CER opened at GBX 1,355 on Wednesday. The company has a quick ratio of 2.75, a current ratio of 4.45 and a debt-to-equity ratio of 5.55. The company has a market cap of £400.27 million, a P/E ratio of 24.11 and a beta of 0.55. Cerillion has a 52 week low of GBX 990 and a 52 week high of GBX 1,950. The company has a 50-day moving average price of GBX 1,373.10 and a 200 day moving average price of GBX 1,405.24.

Cerillion Company Profile

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.