Beeks Financial Cloud Group's (BKS) Buy Rating Reaffirmed at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reiterated its "buy" rating for Beeks Financial Cloud Group (BKS), setting a price target of GBX 335, which suggests a potential upside of 65.75% from the stock's recent closing price.
• In its latest quarterly earnings report, Beeks Financial Cloud Group reported an earnings per share (EPS) of GBX 8.47 and has a net margin of 7.70%.
• Beeks Financial Cloud Group has a market capitalization of £136.13 million and operates within the crucial cloud computing sector for capital markets and finance.

Beeks Financial Cloud Group (LON:BKS - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Canaccord Genuity Group in a report released on Monday,Digital Look reports. They currently have a GBX 335 price target on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 65.75% from the stock's previous close.

Beeks Financial Cloud Group Price Performance

BKS stock opened at GBX 202.11 on Monday. Beeks Financial Cloud Group has a 1 year low of GBX 171 and a 1 year high of GBX 327. The firm has a market cap of £136.13 million, a P/E ratio of 5,875.29 and a beta of 0.38. The stock's 50 day moving average price is GBX 215.20 and its 200 day moving average price is GBX 216.31. 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 (LON:BKS - Get Free Report) last released its quarterly earnings results on Monday, October 6th. The company reported GBX 8.47 earnings per share (EPS) for the quarter. Beeks Financial Cloud Group had a net margin of 7.70% and a return on equity of 6.12%. On average, sell-side analysts expect that Beeks Financial Cloud Group will post 7.3180848 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.