Blancco Technology Group PLC (BLTG) Rating Reiterated by Peel Hunt
Blancco Technology Group PLC (LON:BLTG)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a report issued on Tuesday. They presently have a GBX 340 ($4.22) target price on the stock. Peel Hunt’s target price suggests a potential upside of 48.47% from the stock’s current price.
Separately, Panmure Gordon restated a “buy” rating and set a GBX 326 ($4.04) target price on shares of Blancco Technology Group PLC in a report on Tuesday, September 20th.
Shares of Blancco Technology Group PLC (LON:BLTG) opened at 229.00 on Tuesday. 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’s market cap is GBX 127.69 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 also recently disclosed a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Thursday, November 3rd will be issued a dividend of GBX 1.34 ($0.02) per share. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 3rd. This is a boost from Blancco Technology Group PLC’s previous dividend of $0.66.
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In other news, insider Matthew Peacock sold 209,728 shares of Blancco Technology Group PLC stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of GBX 225 ($2.79), for a total transaction 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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