Peel Hunt Reaffirms Buy Rating for Blancco Technology Group PLC (BLTG)
Peel Hunt restated their buy rating on shares of Blancco Technology Group PLC (LON:BLTG) in a research note published on Thursday morning. The firm currently has a GBX 340 ($4.25) target price on the stock.
Separately, Panmure Gordon reissued a buy rating and set a GBX 326 ($4.07) target price on shares of Blancco Technology Group PLC in a research note on Tuesday, September 20th.
Shares of Blancco Technology Group PLC (LON:BLTG) opened at 208.65 on Thursday. The firm’s market capitalization is GBX 116.35 million. Blancco Technology Group PLC has a 52 week low of GBX 162.07 and a 52 week high of GBX 335.00. The firm’s 50-day moving average is GBX 220.85 and its 200-day moving average is GBX 217.07.
The company also recently declared a dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Thursday, November 3rd will be issued a dividend of GBX 1.34 ($0.02) per share. This represents a yield of 0.57%. The ex-dividend date is Thursday, November 3rd. This is a boost from Blancco Technology Group PLC’s previous dividend of $0.66.
In other Blancco Technology Group PLC news, insider Matthew Peacock sold 209,728 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of GBX 225 ($2.81), for a total transaction of £471,888 ($589,565.22).
About Blancco Technology Group PLC
Blancco Technology Group plc, formerly Regenersis Plc, is engaged in global software business, comprising Blancco, SafeIT, Xcaliber and Tabernus, focused on managing the considerable opportunities in data erasure. The Company provides mobile device diagnostics and data erasure solutions. Its clientele consists of equipment manufacturers, mobile network operators, retailers, financial institutions, insurers, repair service providers, healthcare providers and government organizations across the world.
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