Beeks Financial Cloud Group (LON:BKS) Given Buy Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reaffirmed its "Buy" rating for Beeks Financial Cloud Group, setting a price target of GBX 335, suggesting a potential upside of 54.34% from the current price.
• Beeks Financial Cloud Group's stock opened at GBX 217.06 and has seen a recent gain of 1.9%.
• The company has demonstrated a robust position in the sector with a market cap of £146.20 million and strong financial ratios, including a current ratio of 2.09 and a debt-to-equity ratio of 7.72.

Canaccord Genuity Group reaffirmed their buy rating on shares of Beeks Financial Cloud Group (LON:BKS - Free Report) in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have a GBX 335 price objective on the stock.

Beeks Financial Cloud Group Stock Down 1.0%

Shares of LON:BKS traded down GBX 2 during trading on Thursday, hitting GBX 208. The company's stock had a trading volume of 45,812 shares, compared to its average volume of 213,052. The business has a 50 day moving average price of GBX 218.72 and a two-hundred day moving average price of GBX 223.45. The company has a market capitalization of £140.10 million, a PE ratio of 6,046.51 and a beta of 0.38. 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 has a fifty-two week low of GBX 171 and a fifty-two week high of GBX 327.

About Beeks Financial Cloud Group

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.