Cerillion (LON:CER) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Cerillion Plc (LON:CER) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 761.26 and traded as high as GBX 770. Cerillion shares last traded at GBX 770, with a volume of 65,756 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Berenberg Bank dropped their price objective on shares of Cerillion from GBX 2,015 to GBX 1,375 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Canaccord Genuity Group decreased their target price on shares of Cerillion from GBX 2,060 to GBX 1,760 and set a “buy” rating for the company in a research note on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Cerillion from GBX 1,400 to GBX 1,200 and set a “buy” rating for the company in a research note on Tuesday, September 15th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,671.

Cerillion Stock Down 1.0%

The company has a debt-to-equity ratio of 6.60, a current ratio of 4.83 and a quick ratio of 2.75. The stock has a 50 day simple moving average of GBX 761.26 and a 200-day simple moving average of GBX 1,142.91. The firm has a market cap of £225.14 million, a PE ratio of 16.46 and a beta of 0.49.

Insiders Place Their Bets

In other news, insider Guy O’Connor acquired 20,000 shares of Cerillion stock in a transaction on Wednesday, October 21st. The stock was acquired at an average cost of GBX 690 per share, for a total transaction of £138,000. Corporate insiders own 21.20% of the company’s stock.

Cerillion Company Profile

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.