Microlise Group's (SAAS) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reiterated a "buy" rating on Microlise Group (LON:SAAS) with a price target of GBX 210 ($2.79), suggesting a potential upside of 52.96% from the current price.
• Canaccord Genuity also issued a "buy" rating with a slightly lower price target of GBX 199 ($2.64) for Microlise Group shares.
• Microlise Group's insider, Nick Wightman, purchased 18,827 shares at an average price of GBX 106 ($1.41), indicating significant confidence in the company’s future performance.

Microlise Group (LON:SAAS - Get Free Report)'s stock had its "buy" rating restated by Berenberg Bank in a research report issued on Monday, Marketbeat reports. They presently have a GBX 210 ($2.82) price target on the stock. Berenberg Bank's price objective points to a potential upside of 59.83% from the stock's current price.

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 199 ($2.68) price target on shares of Microlise Group in a report on Thursday, July 31st.

Microlise Group Stock Performance

Shares of Microlise Group stock traded down GBX 1.11 ($0.01) during midday trading on Monday, hitting GBX 131.39 ($1.77). The company had a trading volume of 72,895 shares, compared to its average volume of 128,055. Microlise Group has a 1-year low of GBX 88 ($1.18) and a 1-year high of GBX 145 ($1.95). The business's 50 day simple moving average is GBX 117.21 and its two-hundred day simple moving average is GBX 110.24. The stock has a market cap of £152.14 million, a PE ratio of 112.45 and a beta of 0.19. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08.

Insider Transactions at Microlise Group

In other news, insider Nick Wightman bought 18,827 shares of Microlise Group stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average cost of GBX 106 ($1.43) per share, with a total value of £19,956.62 ($26,837.84). 59.96% of the stock is owned by corporate insiders.

Microlise Group Company Profile

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group's headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia