Microlise Group's (SAAS) "Buy" Rating Reiterated at Canaccord Genuity Group

Key Points

• Microlise Group's stock has a reiterated "buy" rating from Canaccord Genuity Group, with a target price of GBX 199, indicating a potential upside of 53.08% from its current price.
• Insider Nick Wightman bought 18,827 shares of the company at GBX 106 each, reflecting confidence in the stock, while corporate insiders own 51.87% of Microlise Group's stock.
• Microlise Group specializes in transport management software, aiming to enhance efficiency, safety, and customer experience for fleet operators.

Microlise Group (LON:SAAS - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Canaccord Genuity Group in a report released on Thursday, Marketbeat reports. They currently have a GBX 199 price target on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 53.08% from the stock's current price.

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 210 price target on shares of Microlise Group in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Microlise Group has an average rating of "Buy" and an average price target of GBX 204.50.

Microlise Group Trading Down 11.9%

Shares of SAAS stock opened at GBX 130 on Thursday. The business's fifty day moving average is GBX 134.49 and its 200 day moving average is GBX 115.45. Microlise Group has a 52-week low of GBX 88 and a 52-week high of GBX 150. The company has a market capitalization of £150.73 million, a PE ratio of -7,344.63 and a beta of 0.19. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.25.

Insider Buying and Selling

In related news, insider Nick Wightman purchased 18,827 shares of the company's stock in a transaction dated Monday, June 30th. The shares were purchased at an average cost of GBX 106 per share, with a total value of £19,956.62. Corporate 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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