Bango's (BGO) Buy Rating Reiterated at Canaccord Genuity Group

Bango (LON:BGO - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 244 ($3.32) target price on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 188.59% from the company's previous close.

Bango Trading Up 1.3%

BGO traded up GBX 1.05 ($0.01) during mid-day trading on Thursday, hitting GBX 84.55 ($1.15). 255,028 shares of the stock were exchanged, compared to its average volume of 121,060. The firm's fifty day moving average is GBX 89.44 and its two-hundred day moving average is GBX 88.87. Bango has a 1-year low of GBX 61.50 ($0.84) and a 1-year high of GBX 150 ($2.04). The company has a current ratio of 0.71, a quick ratio of 2.37 and a debt-to-equity ratio of 37.64. The company has a market cap of £64.96 million, a PE ratio of -9.32 and a beta of 0.36.

Insiders Place Their Bets

In related news, insider Paul Larbey purchased 10,638 shares of the business's stock in a transaction on Monday, June 9th. The shares were bought at an average price of GBX 84 ($1.14) per share, for a total transaction of £8,935.92 ($12,141.20). In the last quarter, insiders bought 27,124 shares of company stock worth $2,284,267. 37.91% of the stock is owned by corporate insiders.

Bango Company Profile

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers. The world's largest content providers, including Amazon NASDAQ: AMZN, Google NASDAQ: GOOG and Microsoft NASDAQ: MSFT trust Bango technology to reach subscribers everywhere. Bango, where people subscribe.

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