Berenberg Bank Reaffirms Buy Rating for Microlise Group (LON:SAAS)

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 reaffirmed by Berenberg Bank in a report issued on Monday, MarketBeat reports. They currently have a GBX 210 ($2.82) price target on the stock. Berenberg Bank's price objective points to a potential upside of 59.99% from the company's previous close.

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

Microlise Group Stock Performance

SAAS traded down GBX 1.24 ($0.02) during trading on Monday, hitting GBX 131.26 ($1.77). The stock had a trading volume of 34,052 shares, compared to its average volume of 127,440. The firm has a market cap of £151.99 million, a PE ratio of 112.34 and a beta of 0.19. Microlise Group has a 12 month low of GBX 88 ($1.18) and a 12 month high of GBX 145 ($1.95). The company has a current ratio of 1.25, a quick ratio of 1.08 and a debt-to-equity ratio of 2.38. The company has a 50 day simple moving average of GBX 117.74 and a 200-day simple moving average of GBX 110.51.

Insider Buying and Selling at Microlise Group

In other Microlise Group news, insider Nick Wightman bought 18,827 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were acquired at an average cost of GBX 106 ($1.43) per share, for a total transaction of £19,956.62 ($26,841.45). Company insiders own 59.96% of the company's stock.

About Microlise Group

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