Beeks Financial Cloud Group (LON:BKS) Stock Gets Price Target Trim from Canaccord Genuity Group

Beeks Financial Cloud Group (LON:BKS) had its price objective decreased by Canaccord Genuity Group from GBX 335 to GBX 300 in a research note released on Monday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Beeks Financial Cloud Group Price Performance

BKS stock opened at GBX 190 on Monday. The firm’s 50-day moving average price is GBX 207.25 and its two-hundred day moving average price is GBX 193.95. Beeks Financial Cloud Group has a 12-month low of GBX 145.50 and a 12-month high of GBX 330.86. The stock has a market capitalization of £130.75 million, a price-to-earnings ratio of 166.67 and a beta of 0.35. The company has a current ratio of 1.75, a quick ratio of 1.85 and a debt-to-equity ratio of 19.92.

Beeks Financial Cloud Group (LON:BKS) last posted its earnings results on Monday, October 19th. The company reported GBX 8.40 earnings per share (EPS) for the quarter. Beeks Financial Cloud Group had a return on equity of 7.23% and a net margin of 8.29%. As a group, equities analysts predict that Beeks Financial Cloud Group will post 7.32 earnings per share for the current year.

Insider Activity

In related news, insider Fraser McDonald sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of GBX 210, for a total transaction of £105,000. Company insiders own 32.43% of the company’s stock.

About Beeks Financial Cloud Group

Cloud computing is crucial to Capital Markets and finance. Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements. Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year.