Canaccord Genuity Group Raises Calnex Solutions (LON:CLX) Price Target to GBX 125

Calnex Solutions (LON:CLX) had its target price upped by investment analysts at Canaccord Genuity Group from GBX 115 to GBX 125 in a note issued to investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 77.18% from the stock’s previous close.

Calnex Solutions Stock Performance

LON CLX opened at GBX 70.55 on Wednesday. The company has a 50-day simple moving average of GBX 57.66 and a two-hundred day simple moving average of GBX 52.25. The company has a quick ratio of 3.22, a current ratio of 4.38 and a debt-to-equity ratio of 4.06. Calnex Solutions has a 12-month low of GBX 40 and a 12-month high of GBX 88.40. The firm has a market cap of £62.08 million, a price-to-earnings ratio of 102.25 and a beta of 1.02.

Calnex Solutions (LON:CLX) last posted its quarterly earnings results on Tuesday, May 26th. The company reported GBX 0.83 earnings per share (EPS) for the quarter. Calnex Solutions had a net margin of 3.27% and a return on equity of 2.30%. The business had revenue of GBX 2,188 million during the quarter. On average, equities analysts forecast that Calnex Solutions will post 0.3596909 EPS for the current year.

Calnex Solutions Company Profile

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, cloud computing and defence industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecoms and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.