Cerillion (LON:CER) Stock Passes Above 50-Day Moving Average – Here’s Why

Cerillion Plc (LON:CER) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,317.34 and traded as high as GBX 1,340. Cerillion shares last traded at GBX 1,290, with a volume of 100,985 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Berenberg Bank lowered their price objective on Cerillion from GBX 2,200 to GBX 2,015 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,250 price objective on shares of Cerillion in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,071.25.

Cerillion Price Performance

The stock has a fifty day simple moving average of GBX 1,317.34 and a two-hundred day simple moving average of GBX 1,392.49. The company has a market cap of £384.03 million, a PE ratio of 23.13 and a beta of 0.55. The company has a current ratio of 4.45, a quick ratio of 2.75 and a debt-to-equity ratio of 5.55.

About Cerillion

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities.

Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.