Cerillion (LON:CER) Hits New 52-Week Low – Here’s Why

Cerillion Plc (LON:CER) hit a new 52-week low on Wednesday . The company traded as low as GBX 890 and last traded at GBX 890, with a volume of 468436 shares trading hands. The stock had previously closed at GBX 926.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 2,015 target price on shares of Cerillion in a research note on Monday, June 1st. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,060 price objective on shares of Cerillion in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Cerillion from GBX 1,575 to GBX 1,400 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,899.

Cerillion Trading Down 3.9%

The firm’s fifty day moving average price is GBX 995.79 and its 200-day moving average price is GBX 1,194.70. The company has a market cap of £262.92 million, a price-to-earnings ratio of 19.22 and a beta of 0.49. The company has a debt-to-equity ratio of 6.60, a current ratio of 4.83 and a quick ratio of 2.75.

Cerillion Company Profile

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.