Canaccord Genuity Group Cuts Bango (LON:BGO) Price Target to GBX 160

Bango (LON:BGO) had its price target decreased by Canaccord Genuity Group from GBX 181 to GBX 160 in a report published on Friday,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Bango Stock Performance

Shares of LON BGO opened at GBX 74 on Friday. Bango has a 12-month low of GBX 55 and a 12-month high of GBX 115. The company has a market cap of £57.02 million, a PE ratio of -7.51 and a beta of 0.67. The company has a current ratio of 0.61, a quick ratio of 2.37 and a debt-to-equity ratio of 94.45. The stock has a 50 day simple moving average of GBX 64.08 and a 200-day simple moving average of GBX 64.03.

Insider Transactions at Bango

In related news, insider Duncan Magrath bought 25,000 shares of the company’s stock in a transaction on Friday, July 10th. The stock was bought at an average cost of GBX 72 per share, with a total value of £18,000. Also, insider Matt Wilson purchased 6,438 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were bought at an average cost of GBX 71 per share, for a total transaction of £4,570.98. Insiders own 12.11% of the company’s stock.

About Bango

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.