Beeks Financial Cloud Group (LON:BKS) Shares Up 2.2% - Should You Buy?

Key Points

• Beeks Financial Cloud Group shares experienced a 2.2% increase, trading at GBX 212 ($2.86) after a previous close of GBX 207.50 ($2.80), although overall trading volume was down by 57% from the average.
• Canaccord Genuity reiterated a "buy" rating for Beeks, setting a price target of GBX 335, with a consensus rating of "Buy" among analysts.
• The company has significant financial metrics, including a market capitalization of £138.58 million and a high PE ratio of 62.70, indicating strong investor interest despite its elevated valuation.

Beeks Financial Cloud Group plc (LON:BKS - Get Free Report) shares were up 2.2% during trading on Tuesday . The stock traded as high as GBX 214 ($2.89) and last traded at GBX 212 ($2.86). Approximately 94,237 shares traded hands during trading, a decline of 57% from the average daily volume of 218,337 shares. The stock had previously closed at GBX 207.50 ($2.80).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 335 price objective on shares of Beeks Financial Cloud Group in a report on Monday, July 14th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Beeks Financial Cloud Group has a consensus rating of "Buy" and a consensus target price of GBX 335.

Beeks Financial Cloud Group Price Performance

The firm has a fifty day simple moving average of GBX 222.10 and a 200 day simple moving average of GBX 229.34. The company has a market capitalization of £138.58 million, a PE ratio of 62.70 and a beta of 0.38. 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 Company Profile

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.

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