Celebrus Technologies (LON:CLBS) Trading 7.5% Higher - Here's Why

Key Points

• Celebrus Technologies (LON:CLBS) stock surged by 7.5% on Tuesday, reaching a high of GBX 174 ($2.38) after closing at GBX 159 ($2.17).
• Two research analysts have upgraded the stock to a Buy rating, with a consensus target price of GBX 382.50.
• The company reported earnings of GBX 18.30 per share for the quarter, with a net margin of 12.37% and a return on equity of 14.32%.

Celebrus Technologies plc (LON:CLBS - Get Free Report)'s stock price shot up 7.5% on Tuesday . The stock traded as high as GBX 174 ($2.38) and last traded at GBX 171 ($2.33). 144,428 shares traded hands during trading, an increase of 84% from the average session volume of 78,490 shares. The stock had previously closed at GBX 159 ($2.17).

Analyst Ratings Changes

CLBS has been the topic of a number of research analyst reports. Canaccord Genuity Group raised Celebrus Technologies to a "buy" rating and set a GBX 290 target price on the stock in a report on Tuesday, July 8th. Shore Capital reaffirmed a "no recommendation" rating on shares of Celebrus Technologies in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of GBX 382.50.

Celebrus Technologies Stock Up 7.5%

The firm has a fifty day moving average of GBX 169.84 and a 200-day moving average of GBX 181.28. The firm has a market cap of £67.65 million, a P/E ratio of 1,401.93 and a beta of 1.34.

Celebrus Technologies (LON:CLBS - Get Free Report) last released its earnings results on Tuesday, July 8th. The company reported GBX 18.30 earnings per share (EPS) for the quarter. Celebrus Technologies had a net margin of 12.37% and a return on equity of 14.32%.

About Celebrus Technologies

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.

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