Berenberg Bank Cuts Cerillion (LON:CER) Price Target to GBX 1,375

Cerillion (LON:CER) had its target price reduced by research analysts at Berenberg Bank from GBX 2,015 to GBX 1,375 in a research note issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 80.92% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on Cerillion from GBX 1,400 to GBX 1,200 and set a “buy” rating on the stock in a research report on Tuesday. Canaccord Genuity Group lowered their price target on Cerillion from GBX 2,060 to GBX 1,760 and set a “buy” rating for the company in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 1,671.

Cerillion Stock Performance

Shares of CER opened at GBX 760 on Wednesday. The firm has a market capitalization of £224.52 million, a P/E ratio of 16.41 and a beta of 0.49. Cerillion has a 52 week low of GBX 650 and a 52 week high of GBX 1,770. The stock has a 50 day moving average price of GBX 973.67 and a two-hundred day moving average price of GBX 1,170.19. The company has a debt-to-equity ratio of 6.60, a quick ratio of 2.75 and a current ratio of 4.83.

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.