Canaccord Genuity Group Cuts Accsys Technologies (LON:AXS) Price Target to GBX 120

Accsys Technologies (LON:AXS) had its target price reduced by Canaccord Genuity Group from GBX 130 to GBX 120 in a report published on Tuesday,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Accsys Technologies Price Performance

LON AXS opened at GBX 64.15 on Tuesday. The stock’s 50-day moving average price is GBX 70.80 and its two-hundred day moving average price is GBX 69.77. The company has a current ratio of 2.25, a quick ratio of 0.59 and a debt-to-equity ratio of 56.42. The company has a market cap of £158.01 million, a PE ratio of 25.16 and a beta of 1.17. Accsys Technologies has a 1 year low of GBX 58.10 and a 1 year high of GBX 79.84.

Insider Activity

In other news, insider Jelena Arsic van Os sold 13,227 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of GBX 73, for a total transaction of £9,655.71. 3.94% of the stock is owned by corporate insiders.

Accsys Technologies Company Profile

Accsys Technologies PLC (Accsys) is transforming the global building materials sector as a market leader in sustainable, high-performance wood. With a purpose-driven commitment to “changing wood to change the world,” Accsys harnesses proprietary acetylation technology to turn fast-growing, certified timber into long-lasting, eco-friendly building materials. Its key flagship products, Accoya® solid wood and Tricoya® wood chips, are supported by 50-year warranties and recognised worldwide for exceptional durability, stability, and sustainability.