Angling Direct’s (ANG) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Angling Direct (LON:ANG) in a research note published on Wednesday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 78 price objective on the stock.

Angling Direct Trading Up 0.8%

Angling Direct stock opened at GBX 47.38 on Wednesday. Angling Direct has a 1 year low of GBX 45.50 and a 1 year high of GBX 60. The firm’s 50 day moving average price is GBX 48.67 and its 200-day moving average price is GBX 49.90. The company has a debt-to-equity ratio of 31.21, a current ratio of 2.61 and a quick ratio of 1.50. The stock has a market cap of £34.27 million, a P/E ratio of 17.04 and a beta of 0.64.

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.