Canaccord Genuity Group Begins Coverage on Proservice Building Services Marketplace (LON:PRO)

Equities researchers at Canaccord Genuity Group initiated coverage on shares of Proservice Building Services Marketplace (LON:PRO) in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage set a “speculative buy” rating and a GBX 5 price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 108.33% from the stock’s previous close.

Proservice Building Services Marketplace Trading Up 3.0%

Shares of LON:PRO opened at GBX 2.40 on Friday. The company has a 50-day moving average price of GBX 2.42 and a 200-day moving average price of GBX 4.35. The company has a market cap of £19.14 million and a price-to-earnings ratio of -4.71. Proservice Building Services Marketplace has a 12 month low of GBX 1.50 and a 12 month high of GBX 9.50.

Insiders Place Their Bets

In other Proservice Building Services Marketplace news, insider Tom Shorten acquired 639,466 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were purchased at an average cost of GBX 2 per share, for a total transaction of £12,789.32. Company insiders own 1.34% of the company’s stock.

About Proservice Building Services Marketplace

ProService Building Services Marketplace plc (“ProService”) is the leading digital marketplace business focussed on customer and supplier acquisition. Technology driven, scalable and uniquely differentiated, ProService is a one-stop-shop providing a wide range of building-related product and services for over 7,000 active account customers per month, in product verticals including equipment hire, training, fuel, equipment sales and building materials. ProService acts as principal with buyers and sellers, but all deliveries and collections are the responsibility of sellers (direct to buyer).