IDOX (LON:IDOX) Earns "Buy" Rating from Canaccord Genuity Group

IDOX (LON:IDOX - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Canaccord Genuity Group in a report released on Tuesday, Marketbeat reports. They presently have a GBX 90 ($1.22) price target on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 37.20% from the company's current price.

IDOX Price Performance

LON:IDOX remained flat at GBX 65.60 ($0.89) during mid-day trading on Tuesday. The company had a trading volume of 595,606 shares, compared to its average volume of 619,592. IDOX has a 52 week low of GBX 52 ($0.71) and a 52 week high of GBX 67 ($0.91). The firm has a market cap of £299.98 million, a price-to-earnings ratio of 54.14, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The company has a debt-to-equity ratio of 30.03, a current ratio of 0.70 and a quick ratio of 1.00. The firm's 50-day moving average is GBX 59.48 and its 200 day moving average is GBX 59.14.

IDOX (LON:IDOX - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The company reported GBX 1.49 ($0.02) EPS for the quarter. IDOX had a return on equity of 7.18% and a net margin of 6.82%. As a group, analysts forecast 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.