Boku (LON:BOKU) Trading 11.7% Higher - What's Next?

Key Points

• Boku, Inc. shares surged by 11.7% during trading, reaching a last price of GBX 229 ($3.08) after closing at GBX 205 ($2.76).
• Analysts have issued buy ratings with target prices between GBX 271 and GBX 308, resulting in a consensus rating of "Buy" with an average target price of GBX 293.
• Boku operates a global network of payment solutions, providing access to over 7 billion consumer payment accounts worldwide.

Boku, Inc. (LON:BOKU - Get Free Report) shares traded up 11.7% during trading on Thursday . The company traded as high as GBX 230.50 ($3.10) and last traded at GBX 229 ($3.08). 722,125 shares traded hands during trading, a decline of 13% from the average session volume of 833,277 shares. The stock had previously closed at GBX 205 ($2.76).

Analyst Ratings Changes

A number of analysts have commented on the company. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 271 target price on shares of Boku in a research report on Tuesday. Berenberg Bank reiterated a "buy" rating and set a GBX 300 target price on shares of Boku in a research report on Tuesday. Finally, Peel Hunt reiterated a "buy" rating and set a GBX 308 target price on shares of Boku in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of GBX 293.

Boku Price Performance

The company has a 50-day moving average of GBX 223.19 and a two-hundred day moving average of GBX 193.54. The stock has a market capitalization of £679.51 million, a PE ratio of 22,900.00 and a beta of -0.11. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.27 and a quick ratio of 1.38.

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.

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