Blancco Technology Group PLC’s (BLTG) “Buy” Rating Reiterated at Panmure Gordon
Blancco Technology Group PLC (LON:BLTG)‘s stock had its “buy” rating reiterated by research analysts at Panmure Gordon in a research report issued to clients and investors on Tuesday. They presently have a GBX 326 ($4.04) price target on the stock. Panmure Gordon’s price target suggests a potential upside of 44.84% from the stock’s previous close.
Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 340 ($4.22) target price on shares of Blancco Technology Group PLC in a report on Tuesday.
Shares of Blancco Technology Group PLC (LON:BLTG) opened at 223.00 on Tuesday. The firm’s market capitalization is GBX 124.35 million. Blancco Technology Group PLC has a 12-month low of GBX 162.07 and a 12-month high of GBX 335.00. The firm’s 50-day moving average price is GBX 215.33 and its 200-day moving average price is GBX 215.99.
The company also recently announced a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Thursday, November 3rd will be issued a GBX 1.34 ($0.02) dividend. This represents a dividend yield of 0.57%. This is a boost from Blancco Technology Group PLC’s previous dividend of $0.66. The ex-dividend date is Thursday, November 3rd.
In other Blancco Technology Group PLC news, insider Matthew Peacock sold 209,728 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of GBX 225 ($2.79), for a total value of £471,888 ($585,396.35).
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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