Angling Direct (LON:ANG) Stock Price Down 1.8% – What’s Next?

Shares of Angling Direct PLC (LON:ANG) were down 1.8% on Wednesday. The company traded as low as GBX 53.03 and last traded at GBX 53.03. Approximately 4,426 shares changed hands during trading, a decline of 96% from the average session volume of 123,373 shares. The stock had previously closed at GBX 54.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 78 price target on shares of Angling Direct in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Angling Direct currently has an average rating of “Buy” and a consensus target price of GBX 78.

Angling Direct Stock Down 1.8%

The stock has a market cap of £37.38 million, a PE ratio of 19.08 and a beta of 0.65. The firm has a fifty day moving average of GBX 50.79 and a 200 day moving average of GBX 50.11. The company has a quick ratio of 1.50, a current ratio of 2.61 and a debt-to-equity ratio of 31.21.

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.