Berenberg Bank Reiterates "Buy" Rating for Microlise Group (LON:SAAS)

Key Points

• Berenberg Bank has reiterated its "buy" rating for Microlise Group (LON:SAAS), setting a price objective of GBX 210, which implies a potential upside of 55.56% from the stock's previous close.
• Canaccord Genuity Group also maintains a "buy" rating with a target price of GBX 199, leading to an average target price of GBX 204.50 among analysts.
• Microlise Group's stock opened at GBX 135, with a market capitalization of £156.53 million, indicating significant growth potential as the company focuses on improving transport management for fleet operators.

Microlise Group (LON:SAAS - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 210 price objective on the stock. Berenberg Bank's price objective would indicate a potential upside of 55.56% from the stock's previous close.

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 199 target price on shares of Microlise Group in a research report on Thursday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 204.50.

Microlise Group Price Performance

Shares of Microlise Group stock opened at GBX 135 on Thursday. The business has a 50 day simple moving average of GBX 134.49 and a two-hundred day simple moving average of GBX 115.62. Microlise Group has a 12 month low of GBX 88 and a 12 month high of GBX 150. The stock has a market capitalization of £156.53 million, a P/E ratio of -7,627.12 and a beta of 0.19. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08.

Microlise Group (LON:SAAS - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The company reported GBX 2.62 earnings per share (EPS) for the quarter. Microlise Group had a return on equity of 1.87% and a net margin of 2.14%. As a group, analysts predict that Microlise Group will post 5.5260831 EPS for the current fiscal year.

Insider Buying and Selling at Microlise Group

In other news, insider Nick Wightman purchased 18,827 shares of the stock in a transaction dated Monday, June 30th. The shares were purchased at an average price of GBX 106 per share, with a total value of £19,956.62. Insiders own 51.87% of the company's stock.

Microlise Group Company Profile

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group's headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia

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