Berenberg Bank Issues Positive Forecast for Boku (LON:BOKU) Stock Price

Key Points

• Berenberg Bank has raised its price target for Boku (LON:BOKU) from GBX 280 to GBX 300, indicating a potential upside of 34.83% from the current price.
• Canaccord Genuity Group also reaffirms a "buy" rating with a target price of GBX 271, contributing to a consensus "buy" rating among analysts.
• Boku's shares opened at GBX 222.50, with a market cap of £660.12 million and a notable 12-month high of GBX 242.50.

Boku (LON:BOKU - Get Free Report) had its price objective boosted by research analysts at Berenberg Bank from GBX 280 to GBX 300 in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target indicates a potential upside of 36.99% from the stock's previous close.

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 271 target price on shares of Boku in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 285.50.

Boku Stock Performance

BOKU stock traded up GBX 1 on Friday, hitting GBX 219. The company had a trading volume of 433,446 shares, compared to its average volume of 850,755. Boku has a 12-month low of GBX 144 and a 12-month high of GBX 242.50. The company has a current ratio of 1.27, a quick ratio of 1.38 and a debt-to-equity ratio of 2.29. The stock's 50-day simple moving average is GBX 218.53 and its 200 day simple moving average is GBX 184.32. The stock has a market cap of £649.74 million, a price-to-earnings ratio of 21,900.00 and a beta of -0.11.

About Boku

Boku Inc AIM: BOKU is a global network of localised payment solutions. Through a single integration, Boku provides access to a comprehensive network of digital wallets, direct carrier billing, and account-to-account (A2A) real-time payment schemes - reaching over 7 billion consumer payment accounts worldwide.