Beeks Financial Cloud Group (LON:BKS) Shares Down 1.7% – What’s Next?

Beeks Financial Cloud Group plc (LON:BKS)’s share price traded down 1.7% on Friday . The stock traded as low as GBX 225 and last traded at GBX 235. 144,194 shares were traded during trading, a decline of 31% from the average session volume of 208,650 shares. The stock had previously closed at GBX 239.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 335 price objective on shares of Beeks Financial Cloud Group in a research report on Monday, October 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 335.

Beeks Financial Cloud Group Price Performance

The stock has a market cap of £158.19 million, a P/E ratio of 57.04 and a beta of 0.38. The business has a 50 day simple moving average of GBX 225.90 and a 200-day simple moving average of GBX 220.24. The company has a debt-to-equity ratio of 7.72, a quick ratio of 1.85 and a current ratio of 2.09.

Beeks Financial Cloud Group (LON:BKS) last released its earnings results on Monday, October 6th. The company reported GBX 8.47 EPS for the quarter. Beeks Financial Cloud Group had a return on equity of 6.12% and a net margin of 7.70%. On average, sell-side analysts forecast that Beeks Financial Cloud Group plc will post 7.3180848 EPS for the current year.

Beeks Financial Cloud Group Company Profile

Cloud computing is crucial to Capital Markets and finance. Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.