Cerillion (LON:CER) Shares Down 12% on Analyst Downgrade

Cerillion Plc (LON:CER)’s stock price traded down 12% on Monday after Canaccord Genuity Group lowered their price target on the stock from GBX 2,060 to GBX 1,760. Canaccord Genuity Group currently has a buy rating on the stock. Cerillion traded as low as GBX 740 and last traded at GBX 774. Approximately 605,262 shares were traded during trading, an increase of 320% from the average session volume of 143,971 shares. The stock had previously closed at GBX 880.

CER has been the topic of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,015 price target on shares of Cerillion in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft decreased 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 research report on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,839.

Cerillion Price Performance

The company has a debt-to-equity ratio of 6.60, a quick ratio of 2.75 and a current ratio of 4.83. The firm has a market capitalization of £228.66 million, a P/E ratio of 16.72 and a beta of 0.49. The business has a 50 day simple moving average of GBX 984.79 and a two-hundred day simple moving average of 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.