Deutsche Bank Aktiengesellschaft Cuts Canaan (LON:CAN) Price Target to GBX 350

Canaan (LON:CAN) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 400 to GBX 350 in a research note published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Canaan Price Performance

Shares of Canaan stock opened at GBX 221.30 on Thursday. The business’s fifty day moving average price is GBX 287.84 and its two-hundred day moving average price is GBX 258.56. The company has a market capitalization of £2.17 billion and a P/E ratio of -14.75. Canaan has a 1-year low of GBX 149.95 and a 1-year high of GBX 327.40.

Canaan (LON:CAN) last announced its quarterly earnings results on Friday, February 20th. The company reported GBX 11.20 earnings per share (EPS) for the quarter. Canaan had a negative return on equity of 3.20% and a negative net margin of 2.30%.

Insider Activity

In related news, insider Amandine Ferré bought 35,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of GBX 242 per share, with a total value of £84,700. Also, insider Maxime Saada purchased 35,700 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of GBX 245 per share, for a total transaction of £87,465. Corporate insiders own 0.34% of the company’s stock.

About Canaan

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a global media and entertainment company. Following its acquisition of MultiChoice Group, a leading entertainment platform in Africa, the combined Group has 40 million subscribers, operates in over 70 countries and has approximately 17,000 employees. CANAL+ is one of the largest media companies in Europe, the market leader in Africa and has a globally recognised brand (Top 50 Most Valuable French Brands, globally. Source: Kantar BrandZ, 2025).

CANAL+ operates across the entire audio-visual value chain, including production, broadcast, distribution and aggregation.