Canaccord Genuity Group Reiterates “Buy” Rating for Angling Direct (LON:ANG)

Angling Direct (LON:ANG)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 78 price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 64.64% from the stock’s previous close.

Angling Direct Stock Down 4.3%

ANG traded down GBX 2.13 during mid-day trading on Tuesday, reaching GBX 47.38. 1,138,520 shares of the stock were exchanged, compared to its average volume of 88,918. The company has a debt-to-equity ratio of 30.74, a quick ratio of 1.50 and a current ratio of 2.43. The company has a 50 day moving average price of GBX 50.58 and a two-hundred day moving average price of GBX 51.85. Angling Direct has a 1 year low of GBX 40 and a 1 year high of GBX 60. The stock has a market capitalization of £34.38 million, a PE ratio of 18.95 and a beta of 0.65.

Angling Direct (LON:ANG) last issued its quarterly earnings data on Tuesday, May 12th. The company reported GBX 2.81 earnings per share (EPS) for the quarter. The business had revenue of £103.90 million during the quarter. Angling Direct had a net margin of 1.86% and a return on equity of 4.60%. As a group, research analysts anticipate that Angling Direct will post 1.9191919 EPS for the current year.

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.