Canaccord Genuity Group Initiates Coverage on Water Intelligence (LON:WATR)

Key Points

• Canaccord Genuity Group has initiated coverage on Water Intelligence (LON:WATR), assigning a "buy" rating and a price target of GBX 500 ($6.72), suggesting a potential upside of 59.74%.
• The company's current share price is GBX 313 ($4.20), with a market cap of £76.61 million and a PE ratio of 14.42.
• Water Intelligence provides leak detection and remediation services for water in various countries including the US, UK, Australia, and Canada.

Canaccord Genuity Group began coverage on shares of Water Intelligence (LON:WATR - Get Free Report) in a research note issued on Tuesday, MarketBeat.com reports. The firm set a "buy" rating and a GBX 500 ($6.76) price target on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 56.25% from the company's previous close.

Water Intelligence Trading Up 1.3%

WATR traded up GBX 4 ($0.05) during trading on Tuesday, reaching GBX 320 ($4.33). The company had a trading volume of 29,125 shares, compared to its average volume of 30,969. The company has a quick ratio of 2.17, a current ratio of 1.38 and a debt-to-equity ratio of 32.90. The stock has a market cap of £78.33 million, a P/E ratio of 14.75, a PEG ratio of -1.23 and a beta of 0.47. Water Intelligence has a 52 week low of GBX 288 ($3.90) and a 52 week high of GBX 430 ($5.82). The business has a 50 day simple moving average of GBX 335.01 and a 200-day simple moving average of GBX 350.32.

Water Intelligence Company Profile

Water Intelligence plc, together with its subsidiaries, provides leak detection and remediation services for potable and non-potable water in the United States, the United Kingdom, Australia, Canada, and internationally. The company operates through Franchise Royalty Income, Franchise-Related Activities, US Corporate Operated Locations, and International Corporate Operated Locations segments.