Canaccord Genuity Group Reiterates "Buy" Rating for Beeks Financial Cloud Group (LON:BKS)

Key Points

• Beeks Financial Cloud Group has received a "buy" rating from Canaccord Genuity Group, with a price target of GBX 335, indicating a potential upside of 60.13%.
• The company's stock opened at GBX 209.20 and has a market capitalization of £140.91 million, with a P/E ratio of 6,081.40.
• Beeks provides managed cloud services optimized for low-latency operations in the finance sector, highlighting its importance in capital markets.

Beeks Financial Cloud Group (LON:BKS - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Canaccord Genuity Group in a research report issued on Monday,London Stock Exchange reports. They presently have a GBX 335 price target on the stock. Canaccord Genuity Group's price target suggests a potential upside of 54.81% from the stock's current price.

Beeks Financial Cloud Group Trading Up 10.5%

Shares of LON:BKS traded up GBX 20.65 during trading on Monday, reaching GBX 216.40. The stock had a trading volume of 392,714 shares, compared to its average volume of 210,084. The company has a debt-to-equity ratio of 7.72, a quick ratio of 1.85 and a current ratio of 2.09. Beeks Financial Cloud Group has a 52 week low of GBX 171 and a 52 week high of GBX 327. The firm's fifty day moving average is GBX 215.36 and its 200 day moving average is GBX 217.75. The stock has a market cap of £145.76 million, a price-to-earnings ratio of 6,290.70 and a beta of 0.38.

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.