Canaccord Genuity Group Issues Pessimistic Forecast for Accsys Technologies (LON:AXS) Stock Price

Accsys Technologies (LON:AXS) had its price target decreased by Canaccord Genuity Group from GBX 130 to GBX 120 in a research report issued on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 87.50% from the stock’s current price.

Accsys Technologies Stock Down 0.9%

Shares of LON:AXS opened at GBX 64 on Tuesday. The company has a market cap of £157.64 million, a price-to-earnings ratio of 25.10 and a beta of 1.17. The firm’s 50-day simple moving average is GBX 70.96 and its 200-day simple moving average is GBX 69.74. The company has a quick ratio of 0.59, a current ratio of 2.25 and a debt-to-equity ratio of 56.42. Accsys Technologies has a fifty-two week low of GBX 58.10 and a fifty-two week high of GBX 79.84.

Insiders Place Their Bets

In other Accsys Technologies news, insider Jelena Arsic van Os sold 13,227 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of GBX 73, for a total transaction of £9,655.71. Corporate insiders own 3.94% of the company’s stock.

About Accsys Technologies

Accsys Technologies PLC (Accsys) is transforming the global building materials sector as a market leader in sustainable, high-performance wood. With a purpose-driven commitment to “changing wood to change the world,” Accsys harnesses proprietary acetylation technology to turn fast-growing, certified timber into long-lasting, eco-friendly building materials. Its key flagship products, Accoya® solid wood and Tricoya® wood chips, are supported by 50-year warranties and recognised worldwide for exceptional durability, stability, and sustainability.