Berenberg Bank assumed coverage on shares of Acceler8 Ventures (LON:AC8 – Free Report) in a report published on Wednesday morning,Digital Look reports. The firm issued a buy rating and a GBX 130 price objective on the stock.
Acceler8 Ventures Stock Performance
The firm has a market cap of £402.42 million and a PE ratio of -9.83. The company’s 50 day moving average is GBX 66.11. Acceler8 Ventures has a 12-month low of GBX 17.32 and a 12-month high of GBX 115.
Insider Activity at Acceler8 Ventures
In other news, insider Daniel Levine acquired 85,500 shares of Acceler8 Ventures stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average cost of GBX 63 per share, for a total transaction of £53,865. Also, insider Richard Kilsby bought 110,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were bought at an average price of GBX 93 per share, for a total transaction of £102,300. In the last three months, insiders have bought 497,429 shares of company stock worth $183,513,030. 0.16% of the stock is currently owned by corporate insiders.
About Acceler8 Ventures
Acceler8 Ventures plc is a publicly listed investment company focused on identifying and supporting businesses with growth potential. The company’s stated areas of interest include sports, media, entertainment and related consumer or technology opportunities.
Rather than operating a broad portfolio of traditional products or services, Acceler8 Ventures provides capital and strategic support to businesses in its investment portfolio. Its activities may include evaluating new investment opportunities, developing existing holdings and helping portfolio companies pursue expansion.
Acceler8 Ventures is listed in London under the ticker symbol AC8.
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