Valt Technology Services (LON:VALT) Given New GBX 3,200 Price Target at Berenberg Bank

Key Points

• Berenberg Bank has raised the price target for Valt Technology Services from GBX 2,600 to GBX 3,200, despite maintaining a "sell" rating on the stock.
• The current target price suggests a potential downside of 40.52% from Valt's current stock price of GBX 5,380.
• Insider activity includes Dorian Emmett selling 420 shares at an average price of GBX 4,306, with corporate insiders owning 0.00% of the stock.

Valt Technology Services (LON:VALT - Get Free Report) had its target price increased by analysts at Berenberg Bank from GBX 2,600 to GBX 3,200 in a research note issued on Monday,Digital Look reports. The firm currently has a "sell" rating on the stock. Berenberg Bank's target price indicates a potential downside of 40.52% from the stock's current price.

Valt Technology Services Stock Performance

Valt Technology Services stock traded up GBX 340 during midday trading on Monday, hitting GBX 5,380. The stock had a trading volume of 1,225,983 shares, compared to its average volume of 891,014. The company has a market capitalization of £14.20 billion and a PE ratio of 1,073.85. Valt Technology Services has a 12 month low of GBX 2,670 and a 12 month high of GBX 5,520. The business's fifty day moving average is GBX 4,038.87.

Insiders Place Their Bets

In related news, insider Dorian Emmett sold 420 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of GBX 4,306, for a total transaction of £18,085.20. 0.00% of the stock is currently owned by corporate insiders.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.