Canaccord Genuity Group Cuts Cerillion (LON:CER) Price Target to GBX 1,760

Cerillion (LON:CER) had its price target cut by analysts at Canaccord Genuity Group from GBX 2,060 to GBX 1,760 in a research note issued to investors on Monday, London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 126.51% from the company’s previous close.

A number of other equities research analysts also recently weighed in on CER. Berenberg Bank reissued a “buy” rating and set a GBX 2,015 price target on shares of Cerillion in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Cerillion from GBX 1,575 to GBX 1,400 and set a “buy” rating for the company in a report on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Cerillion presently has an average rating of “Buy” and a consensus target price of GBX 1,839.

Cerillion Stock Performance

Cerillion stock opened at GBX 777 on Monday. The company has a market cap of £229.54 million, a PE ratio of 16.78 and a beta of 0.49. The company has a current ratio of 4.83, a quick ratio of 2.75 and a debt-to-equity ratio of 6.60. Cerillion has a 1 year low of GBX 740 and a 1 year high of GBX 1,770. The company’s 50-day moving average is GBX 984.79 and its two-hundred day moving average is GBX 1,180.83.

About Cerillion

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities.

Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.