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Canaccord Genuity Group Issues Positive Forecast for Netcall (LON:NET) Stock Price

Netcall logo with Computer and Technology background

Key Points

  • Canaccord Genuity Group has increased its price target for Netcall (LON:NET) from GBX 130 to GBX 150, suggesting a potential upside of 24.28%.
  • Berenberg Bank also reaffirmed a "buy" rating with a price objective of GBX 155, showing positive analyst sentiment towards the stock.
  • Insider Michael Jackson sold 246,000 shares at an average price of GBX 120, indicating significant executive activity within the company.
  • Interested in Netcall? Here are five stocks we like better.

Netcall (LON:NET - Get Free Report) had its price target boosted by analysts at Canaccord Genuity Group from GBX 130 to GBX 150 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price indicates a potential upside of 24.28% from the stock's previous close.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 155 price objective on shares of Netcall in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of GBX 145.

View Our Latest Report on NET

Netcall Stock Down 0.2%

LON:NET traded down GBX 0.30 on Wednesday, reaching GBX 120.70. 376,416 shares of the stock traded hands, compared to its average volume of 342,757. The company has a market capitalization of £201.29 million, a price-to-earnings ratio of 3,970.39 and a beta of 0.23. The company has a current ratio of 1.22, a quick ratio of 0.88 and a debt-to-equity ratio of 1.19. Netcall has a 12 month low of GBX 81 and a 12 month high of GBX 128. The company's fifty day simple moving average is GBX 119.34 and its 200 day simple moving average is GBX 113.85.

Netcall (LON:NET - Get Free Report) last released its quarterly earnings data on Wednesday, October 8th. The company reported GBX 3.75 earnings per share for the quarter. Netcall had a net margin of 14.99% and a return on equity of 14.95%. Equities analysts predict that Netcall will post 3.7029017 EPS for the current fiscal year.

Insider Activity

In other news, insider Michael Jackson sold 246,000 shares of Netcall stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of GBX 120, for a total transaction of £295,200. 6.57% of the stock is currently owned by insiders.

Netcall Company Profile

(Get Free Report)

Netcall is a leading provider of Intelligent Automation and Customer Engagement software enabling customers to digitally transform their businesses faster and more efficiently, empowering them to become leaner, more customer-centric organisations. Netcall achieves this through its industry-leading Liberty Platform which provides a tightly integrated suite of low-code, customer engagement and contact centre solutions, helping organisations to manage and improve customer experience, effortlessly. The Group's customers span enterprise, healthcare and government sectors including two-thirds of the NHS Acute Health Trusts and leading corporates such as Legal and General, Lloyds Banking Group, Aon and Santander.

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