Canaccord Genuity Group Reaffirms "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 reaffirmed by Canaccord Genuity Group in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a GBX 2,350 target price on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 67.86% from the stock's previous close.

Cerillion Trading Down 0.4%

Shares of LON:CER traded down GBX 5 during midday trading on Monday, hitting GBX 1,400. 236,760 shares of the stock were exchanged, compared to its average volume of 75,466. The stock has a market capitalization of £413.01 million, a price-to-earnings ratio of 2,910.60 and a beta of 0.90. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.75 and a current ratio of 4.13. The business's 50-day moving average price is GBX 1,470.12 and its 200 day moving average price is GBX 1,542.50. Cerillion has a 12 month low of GBX 1,200 and a 12 month high of GBX 1,970.

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.