Canaccord Genuity Group Reiterates "Buy" Rating for Aptitude Software Group (LON:APTD)

Key Points

• Canaccord Genuity Group has reaffirmed a "buy" rating for Aptitude Software Group (APTD) with a target price of GBX 445 ($5.92), indicating a potential upside of 56.14% from its previous close.
• Aptitude Software Group's stock opened at GBX 285 ($3.79) and has experienced fluctuations with a 12-month low of GBX 245 ($3.26) and a high of GBX 369 ($4.91).
• The company specializes in autonomous finance software solutions, including its Fynapse platform, aiming to enhance productivity and reduce costs for finance teams worldwide.

Aptitude Software Group (LON:APTD - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report released on Wednesday, Marketbeat.com reports. They currently have a GBX 445 ($5.98) price objective on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 58.93% from the company's current price.

Aptitude Software Group Price Performance

LON:APTD traded down GBX 3 ($0.04) during mid-day trading on Wednesday, reaching GBX 280 ($3.77). 111,863 shares of the company were exchanged, compared to its average volume of 81,612. Aptitude Software Group has a 12 month low of GBX 245 ($3.29) and a 12 month high of GBX 369 ($4.96). The company has a fifty day moving average of GBX 309.06 and a 200 day moving average of GBX 300.61. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 18.04. The stock has a market cap of £155.33 million, a PE ratio of 33.16 and a beta of 0.54.

Aptitude Software Group (LON:APTD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported GBX 2.50 ($0.03) earnings per share (EPS) for the quarter. Aptitude Software Group had a net margin of 6.71% and a return on equity of 8.16%. On average, research analysts anticipate that Aptitude Software Group will post 18.018018 EPS for the current fiscal year.

About Aptitude Software Group

Aptitude Software provides software solutions that deliver fully autonomous finance to enable its clients to drive growth, efficiency and sustainability. Fynapse is Aptitude's intelligent finance data management and accounting platform designed to increase productivity and lower costs for finance teams globally.