IDOX's (IDOX) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of IDOX (LON:IDOX - Free Report) in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a GBX 90 ($1.19) target price on the stock.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 81 ($1.08) price target on shares of IDOX in a report on Tuesday, January 28th.

IDOX Price Performance

Shares of LON IDOX traded up GBX 0.40 ($0.01) on Wednesday, hitting GBX 57 ($0.76). The company's stock had a trading volume of 579,463 shares, compared to its average volume of 668,775. The stock has a 50 day moving average of GBX 56.14 and a 200-day moving average of GBX 59.60. The company has a market capitalization of £260.66 million, a price-to-earnings ratio of 47.04, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. IDOX has a 12-month low of GBX 52 ($0.69) and a 12-month high of GBX 69 ($0.92). The company has a debt-to-equity ratio of 30.03, a current ratio of 0.70 and a quick ratio of 1.00.

IDOX (LON:IDOX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported GBX 2.63 ($0.03) EPS for the quarter. IDOX had a return on equity of 7.18% and a net margin of 6.82%. As a group, research analysts predict that IDOX will post 2.7173913 EPS for the current year.

About IDOX

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.