Canaccord Genuity Group Cuts Microlise Group (LON:SAAS) Price Target to GBX 191

Microlise Group (LON:SAAS) had its price target trimmed by Canaccord Genuity Group from GBX 199 to GBX 191 in a research note issued to investors on Monday, Marketbeat reports. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 210 target price on shares of Microlise Group in a research note on Thursday, September 25th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 200.50.

Microlise Group Stock Performance

SAAS stock opened at GBX 98.06 on Monday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.25. The stock has a market cap of £113.70 million, a P/E ratio of -143.57 and a beta of 0.19. The firm has a 50 day simple moving average of GBX 125.32 and a 200 day simple moving average of GBX 121.86. Microlise Group has a 52 week low of GBX 88 and a 52 week high of GBX 150.

Microlise Group (LON:SAAS) last released its quarterly earnings data on Thursday, September 25th. The company reported GBX 2.62 earnings per share for the quarter. Microlise Group had a net margin of 2.14% and a return on equity of 1.87%. Research analysts anticipate that Microlise Group will post 5.5260831 earnings per share for the current fiscal year.

Microlise Group Company Profile

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia