Peel Hunt Initiates Coverage on Blancco Technology Group PLC (BLTG)
Equities research analysts at Peel Hunt started coverage on shares of Blancco Technology Group PLC (LON:BLTG) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a GBX 340 ($4.44) price target on the stock. Peel Hunt’s price target indicates a potential upside of 47.19% from the company’s current price.
Separately, Panmure Gordon reiterated a “buy” rating and issued a GBX 326 ($4.26) price objective on shares of Blancco Technology Group PLC in a research note on Wednesday, July 13th.
Shares of Blancco Technology Group PLC (LON:BLTG) opened at 232.90 on Tuesday. The stock has a 50 day moving average price of GBX 224.08 and a 200-day moving average price of GBX 216.20. Blancco Technology Group PLC has a 1-year low of GBX 152.72 and a 1-year high of GBX 335.00. The company’s market cap is GBX 178.35 million.
The business also recently disclosed a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Thursday, November 3rd will be paid a GBX 1.34 ($0.02) dividend. This is a positive change from Blancco Technology Group PLC’s previous dividend of $0.66. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, November 3rd.
About Blancco Technology Group PLC
Blancco Technology Group plc, formerly Regenersis Plc, is engaged in global software business, comprising Blancco, SafeIT, Xcaliber and Tabernus, focused on managing the considerable opportunities in data erasure. The Company provides mobile device diagnostics and data erasure solutions. Its clientele consists of equipment manufacturers, mobile network operators, retailers, financial institutions, insurers, repair service providers, healthcare providers and government organizations across the world.
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