Canaccord Genuity Group Reiterates Buy Rating for Cerillion (LON:CER)

Cerillion (LON:CER)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 2,060 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 85.67% from the stock’s previous close.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,575 price objective on shares of Cerillion in a research report on Tuesday, June 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,015 target price on shares of Cerillion in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,934.

Cerillion Trading Up 0.9%

CER opened at GBX 1,109.50 on Monday. Cerillion has a twelve month low of GBX 990 and a twelve month high of GBX 1,770. The company has a quick ratio of 2.75, a current ratio of 4.83 and a debt-to-equity ratio of 6.60. The company has a fifty day moving average of GBX 1,288.12 and a 200-day moving average of GBX 1,356.08. The stock has a market cap of £327.76 million, a PE ratio of 23.96 and a beta of 0.46.

Cerillion (LON:CER) last released its earnings results on Monday, June 1st. The company reported GBX 14.10 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,801 million for the quarter. Cerillion had a net margin of 32.24% and a return on equity of 22.77%. On average, sell-side analysts predict that Cerillion will post 53.0708661 EPS for the current year.

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.