Berenberg Bank Reiterates “Buy” Rating for Molten Ventures (LON:GROW)

Molten Ventures (LON:GROW)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 580 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 31.04% from the company’s current price.

Molten Ventures Price Performance

Molten Ventures stock traded up GBX 23.20 during midday trading on Tuesday, reaching GBX 442.60. 560,037 shares of the stock traded hands, compared to its average volume of 1,090,076. The stock has a market cap of £777.96 million, a P/E ratio of -1,106.50 and a beta of 1.25. The stock’s fifty day moving average is GBX 414.77 and its 200-day moving average is GBX 361.96. The company has a quick ratio of 4.37, a current ratio of 197.67 and a debt-to-equity ratio of 7.15. Molten Ventures has a 12 month low of GBX 215.60 and a 12 month high of GBX 498.40.

Molten Ventures (LON:GROW) last released its quarterly earnings data on Tuesday, November 25th. The company reported GBX 42 EPS for the quarter. Molten Ventures had a negative net margin of 369.09% and a negative return on equity of 3.42%. As a group, equities research analysts anticipate that Molten Ventures will post 36.9209809 EPS for the current year.

Insiders Place Their Bets

In other news, insider Benjamin David Wilkinson acquired 7,197 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was acquired at an average price of GBX 348 per share, with a total value of £25,045.56. Over the last 90 days, insiders have bought 14,686 shares of company stock valued at $5,110,728. Corporate insiders own 1.54% of the company’s stock.

Molten Ventures Company Profile

Molten Ventures is a leading British venture capital firm backing Europe’s highest-growth private technology companies.

Our expert investment team stay ahead of the curve, identifying transformative trends and next-generation companies before they break through. We combine multiple pools of capital to invest at all stages of the business lifecycle—from seed and early stage to growth and late stage—focusing on disruptive sectors like Spacetech, Fintech, and AI.