Peel Hunt Issues Positive Forecast for Big Technologies (LON:BIG) Stock Price

Big Technologies (LON:BIG) had its target price increased by Peel Hunt from GBX 80 to GBX 100 in a research note issued to investors on Thursday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Peel Hunt’s target price points to a potential downside of 2.91% from the stock’s current price.

Several other brokerages have also recently commented on BIG. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 80 price objective on shares of Big Technologies in a research note on Thursday, October 2nd. Berenberg Bank reissued a “hold” rating and issued a GBX 105 price target on shares of Big Technologies in a report on Tuesday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 95.

Big Technologies Price Performance

BIG traded down GBX 1.50 during trading on Thursday, reaching GBX 103. 1,120,676 shares of the company were exchanged, compared to its average volume of 577,433. Big Technologies has a 12-month low of GBX 56.17 and a 12-month high of GBX 124.50. The company’s 50-day moving average is GBX 76.48 and its two-hundred day moving average is GBX 80.90. The company has a quick ratio of 7.23, a current ratio of 13.12 and a debt-to-equity ratio of 1.41. The company has a market cap of £301.44 million, a price-to-earnings ratio of -9.72 and a beta of 0.51.

Big Technologies Company Profile

Big Technologies is the parent company of the Buddi group, which was founded in 2005. Today, Big Technologies is a proven supplier of innovative and high-quality products and services to the remote personal monitoring industry. Big Technologies provides products and services under the ‘Buddi’ brand with the primary focus being the criminal justice market. Big Technologies (under the Buddi brand) has created a leading, integrated technology platform (including both hardware and software solutions) for remote monitoring of individuals, providing state-of-the-art Electronic Monitoring (EM) solutions on a SaaS-like, subscription basis.