Canaccord Genuity Group Has Lowered Expectations for Bango (LON:BGO) Stock Price

Bango (LON:BGO) had its price target dropped by research analysts at Canaccord Genuity Group from GBX 181 to GBX 160 in a research report issued to clients and investors on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 124.56% from the stock’s current price.

Bango Trading Up 15.9%

Shares of Bango stock opened at GBX 71.25 on Friday. The firm has a 50-day simple moving average of GBX 63.91 and a two-hundred day simple moving average of GBX 64.01. The company has a debt-to-equity ratio of 98.20, a quick ratio of 2.37 and a current ratio of 0.67. Bango has a fifty-two week low of GBX 55 and a fifty-two week high of GBX 115. The company has a market cap of £54.90 million, a P/E ratio of -7.23 and a beta of 0.67.

Insider Activity at Bango

In related news, insider Matt Wilson purchased 6,438 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was acquired at an average cost of GBX 71 per share, for a total transaction of £4,570.98. Also, insider Duncan Magrath purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was bought at an average cost of GBX 72 per share, with a total value of £18,000. 12.11% of the stock is currently owned by insiders.

About Bango

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.