Celebrus Technologies (LON:CLBS) Given New GBX 475 Price Target at Canaccord Genuity Group

Celebrus Technologies (LON:CLBS) had its price objective raised by equities research analysts at Canaccord Genuity Group from GBX 330 ($4.18) to GBX 475 ($6.02) in a report issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 59.85% from the stock’s current price.

Celebrus Technologies Price Performance

CLBS opened at GBX 297.15 ($3.77) on Wednesday. The firm has a market cap of £117.20 million, a P/E ratio of 2,971.51 and a beta of 1.34. Celebrus Technologies has a 1-year low of GBX 176.50 ($2.24) and a 1-year high of GBX 316 ($4.00). The company has a 50 day simple moving average of GBX 289.19 and a two-hundred day simple moving average of GBX 255.33.

Insiders Place Their Bets

In other Celebrus Technologies news, insider Ashoni (Ash) Kumar Mehta sold 34,383 shares of Celebrus Technologies stock in a transaction on Monday, October 28th. The shares were sold at an average price of GBX 275 ($3.48), for a total value of £94,553.25 ($119,808.98). 15.45% of the stock is currently owned by corporate insiders.

Celebrus Technologies Company Profile

Celebrus Technologies plc, together with its subsidiaries, provides information technology products and services. It offers Celebrus, a suite of data-driven solutions for data capture, fraud and scams, and data management solutions. The company provides services that are focused on delivering data management solutions using public and private cloud infrastructure; and fraud detection and prevention services through fraud data platform.