Cerillion (LON:CER) Shares Up 6.1% - Here's Why

Key Points

• Shares of Cerillion jumped 6.1% intraday (trading as high as GBX 2,125) and last traded at GBX 1,220 on a 62% volume increase to 238,351 shares versus the average session volume.
• Analysts are broadly positive: Canaccord Genuity reaffirmed a Buy with a GBX 2,250 price target, and the consensus rating is Buy with an average target of GBX 2,098.75.
• Fundamentals show a market cap of £369.3m and P/E of 22.24 with strong liquidity (current ratio 4.45, quick ratio 2.75) but a notably high debt-to-equity ratio of 5.55.

Shares of Cerillion Plc (LON:CER - Get Free Report) traded up 6.1% during trading on Tuesday . The company traded as high as GBX 2,125 and last traded at GBX 1,220. 238,351 shares traded hands during mid-day trading, an increase of 62% from the average session volume of 147,047 shares. The stock had previously closed at GBX 1,150.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 2,250 price target on shares of Cerillion in a report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of GBX 2,098.75.

Cerillion Stock Up 8.7%

The company has a current ratio of 4.45, a quick ratio of 2.75 and a debt-to-equity ratio of 5.55. The company has a market capitalization of £369.25 million, a P/E ratio of 22.24 and a beta of 0.41. The stock has a 50 day moving average price of GBX 1,460.22 and a 200 day moving average price of GBX 1,412.74.

About Cerillion

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. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.

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