Canaccord Genuity Group Reiterates Buy Rating for Cerillion (LON:CER)

Key Points

• Canaccord Genuity Group has reaffirmed a buy rating for Cerillion (LON:CER) in a recent report, with a target price of GBX 2,350 indicating a potential upside of 56.88% from its current price.
• Cerillion's stock rose by 6.2%, opening at GBX 1,498, with a 52-week trading range between GBX 1,200 and GBX 1,970.
• The company, established in 1999, specializes in software solutions for billing, charging, and customer relationship management, primarily serving telecommunications and other sectors.

Cerillion (LON:CER - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Canaccord Genuity Group in a research report issued on Monday,London Stock Exchange reports. They presently have a GBX 2,350 target price on the stock. Canaccord Genuity Group's target price suggests a potential upside of 56.88% from the company's current price.

Cerillion Stock Up 6.2%

Cerillion stock opened at GBX 1,498 on Monday. Cerillion has a fifty-two week low of GBX 1,200 and a fifty-two week high of GBX 1,970. The firm has a market capitalization of £441.92 million, a price-to-earnings ratio of 3,114.35 and a beta of 0.90. The stock's fifty day moving average is GBX 1,481.82 and its two-hundred day moving average is GBX 1,549.32. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.75 and a current ratio of 4.13.

Cerillion Company Profile

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities. Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.