Canaccord Genuity Group Has Lowered Expectations for Cerillion (LON:CER) Stock Price

Cerillion (LON:CER) had its target price lowered by stock analysts at Canaccord Genuity Group from GBX 2,060 to GBX 1,760 in a research report issued to clients and investors on Monday, London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 126.51% from the stock’s current price.

Several other brokerages have also issued reports on CER. Deutsche Bank Aktiengesellschaft decreased their price objective on Cerillion from GBX 1,575 to GBX 1,400 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,015 price target on shares of Cerillion in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 1,839.

Cerillion Stock Down 11.7%

Shares of Cerillion stock opened at GBX 777 on Monday. The company has a market capitalization of £229.54 million, a P/E ratio of 16.78 and a beta of 0.49. The company has a debt-to-equity ratio of 6.60, a current ratio of 4.83 and a quick ratio of 2.75. The business has a 50-day moving average of GBX 984.79 and a two-hundred day moving average of GBX 1,180.83. Cerillion has a 1 year low of GBX 740 and a 1 year high of GBX 1,770.

Cerillion Company Profile

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.