Cerillion (LON:CER) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Cerillion Plc (LON:CER)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,435.98 and traded as low as GBX 1,320. Cerillion shares last traded at GBX 1,338.75, with a volume of 38,306 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CER. Panmure Gordon restated a “buy” rating and set a GBX 2,000 price target on shares of Cerillion in a research note on Monday, November 24th. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,250 price target on shares of Cerillion in a research note on Friday, January 9th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,125 target price on shares of Cerillion in a research report on Monday, November 24th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,020 target price on shares of Cerillion in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Cerillion presently has a consensus rating of “Buy” and a consensus price target of GBX 2,098.75.

Cerillion Trading Down 1.6%

The stock has a market capitalization of £395.47 million, a P/E ratio of 23.82 and a beta of 0.41. The business’s fifty day simple moving average is GBX 1,523.81 and its two-hundred day simple moving average is GBX 1,436.09. The company has a current ratio of 4.45, a quick ratio of 2.75 and a debt-to-equity ratio of 5.55.

About Cerillion

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.