Angling Direct (LON:ANG) Earns Buy Rating from Canaccord Genuity Group

Angling Direct (LON:ANG)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 78 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 64.35% from the company’s previous close.

Angling Direct Stock Up 1.0%

Angling Direct stock opened at GBX 47.46 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.50 and a debt-to-equity ratio of 31.21. Angling Direct has a 1-year low of GBX 44 and a 1-year high of GBX 60. The company has a fifty day simple moving average of GBX 48.78 and a 200 day simple moving average of GBX 49.99. The company has a market cap of £34.33 million, a P/E ratio of 17.07 and a beta of 0.64.

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.