Microlise Group (LON:SAAS) Hits New 1-Year High - What's Next?

Key Points

• Microlise Group plc shares reached a new 52-week high of GBX 145.40, with a last trading value of GBX 145.34 and a volume of 122,472 shares traded.
• Analysts are bullish on the stock, with Canaccord Genuity and Berenberg Bank setting price targets of GBX 199 and GBX 210, respectively, leading to a consensus target price of GBX 204.50.
• Insider Nick Wightman purchased 18,827 shares at an average price of GBX 106, indicating strong confidence from company insiders.

Shares of Microlise Group plc (LON:SAAS - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 145.40 ($1.97) and last traded at GBX 145.34 ($1.97), with a volume of 122472 shares traded. The stock had previously closed at GBX 140 ($1.89).

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group restated a "buy" rating and set a GBX 199 price objective on shares of Microlise Group in a research note on Thursday, July 31st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 210 price target on shares of Microlise Group in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Microlise Group presently has a consensus rating of "Buy" and a consensus target price of GBX 204.50.

Microlise Group Stock Up 3.8%

The firm has a 50 day moving average of GBX 129.14 and a 200 day moving average of GBX 112.93. The firm has a market cap of £168.52 million, a price-to-earnings ratio of -8,211.30 and a beta of 0.19. The company has a quick ratio of 1.08, a current ratio of 1.25 and a debt-to-equity ratio of 2.38.

Insiders Place Their Bets

In other Microlise Group news, insider Nick Wightman purchased 18,827 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average price of GBX 106 per share, with a total value of £19,956.62. Insiders own 51.87% of the company's stock.

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

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