Angling Direct’s (ANG) Buy Rating Reaffirmed at Canaccord Genuity Group

Angling Direct (LON:ANG)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 78 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 64.35% from the stock’s previous close.

Angling Direct Stock Performance

Shares of ANG opened at GBX 47.46 on Wednesday. The firm has a market cap of £34.33 million, a P/E ratio of 17.07 and a beta of 0.64. Angling Direct has a twelve month low of GBX 44 and a twelve month high of GBX 60. The company has a debt-to-equity ratio of 31.21, a quick ratio of 1.50 and a current ratio of 2.61. The firm’s 50 day moving average price is GBX 48.78 and its two-hundred day moving average price is GBX 49.99.

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.