Stifel Nicolaus Begins Coverage on Cirata (LON:CRTA)

Investment analysts at Stifel Nicolaus assumed coverage on shares of Cirata (LON:CRTA) in a report issued on Tuesday,London Stock Exchange reports. The brokerage set a “buy” rating and a GBX 44 price target on the stock. Stifel Nicolaus’ target price points to a potential upside of 203.80% from the company’s current price.

Cirata Stock Down 0.8%

LON CRTA traded down GBX 0.12 during trading hours on Tuesday, hitting GBX 14.48. The company’s stock had a trading volume of 59,950 shares, compared to its average volume of 179,422. Cirata has a twelve month low of GBX 13.70 and a twelve month high of GBX 39.10. The firm has a market capitalization of £18.30 million, a P/E ratio of -1.03 and a beta of 1.54. The stock has a fifty day moving average of GBX 17.94 and a 200 day moving average of GBX 18.92.

About Cirata

Cirata, accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata’s portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated.