Berenberg Bank began coverage on shares of Acceler8 Ventures (LON:AC8 – Get Free Report) in a note issued to investors on Wednesday, Digital Look reports. The brokerage set a “buy” rating and a GBX 130 price target on the stock. Berenberg Bank‘s target price would suggest a potential upside of 142.95% from the company’s previous close.
Acceler8 Ventures Price Performance
Shares of LON AC8 opened at GBX 53.51 on Wednesday. Acceler8 Ventures has a 1 year low of GBX 17.32 and a 1 year high of GBX 115. The company’s 50-day moving average is GBX 68.08. The stock has a market capitalization of £402.49 million and a PE ratio of -9.83.
Insider Transactions at Acceler8 Ventures
In other news, insider Giles Willits acquired 75,500 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were acquired at an average cost of GBX 63 per share, with a total value of £47,565. Also, insider Daniel Levine bought 85,500 shares of Acceler8 Ventures stock in a transaction on Wednesday, October 14th. The shares were purchased at an average price of GBX 63 per share, for a total transaction of £53,865. In the last 90 days, insiders acquired 497,429 shares of company stock valued at $183,513,030. Insiders own 0.16% of the company’s stock.
About Acceler8 Ventures
Acceler8 Ventures plc is a publicly listed investment company focused on identifying and supporting businesses with growth potential. The company’s stated areas of interest include sports, media, entertainment and related consumer or technology opportunities.
Rather than operating a broad portfolio of traditional products or services, Acceler8 Ventures provides capital and strategic support to businesses in its investment portfolio. Its activities may include evaluating new investment opportunities, developing existing holdings and helping portfolio companies pursue expansion.
Acceler8 Ventures is listed in London under the ticker symbol AC8.
See Also
- Five stocks we like better than Acceler8 Ventures
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for Acceler8 Ventures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acceler8 Ventures and related companies with MarketBeat.com's FREE daily email newsletter.
