Cerillion (LON:CER) Reaches New 1-Year Low – Here’s What Happened

Cerillion Plc (LON:CER)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,175 and last traded at GBX 1,175, with a volume of 103288 shares traded. The stock had previously closed at GBX 1,210.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 2,020 target price on shares of Cerillion in a report on Monday, November 24th. Canaccord Genuity Group dropped their price objective on Cerillion from GBX 2,350 to GBX 2,250 and set a “buy” rating for the company in a report on Monday, November 24th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,125 price objective on shares of Cerillion in a research report on Monday, November 24th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 2,000 target price on shares of Cerillion in a report on Monday, November 24th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 2,098.75.

Cerillion Stock Down 2.9%

The company has a quick ratio of 2.75, a current ratio of 4.13 and a debt-to-equity ratio of 5.77. The company’s fifty day simple moving average is GBX 1,380.26 and its 200 day simple moving average is GBX 1,458.79. The firm has a market capitalization of £346.64 million, a PE ratio of 20.91 and a beta of 0.90.

Cerillion (LON:CER) last posted its earnings results on Monday, November 24th. The company reported GBX 56.50 earnings per share for the quarter. Cerillion had a return on equity of 30.92% and a net margin of 34.15%. Analysts anticipate that Cerillion Plc will post 53.0708661 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cerillion news, insider Andrew Dickson sold 4,055 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of GBX 1,405, for a total value of £56,972.75. 21.23% of the stock is currently owned by insiders.

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.