Boku (LON:BOKU) Trading Up 9.2% – Should You Buy?

Boku, Inc. (LON:BOKU) rose 9.2% during mid-day trading on Thursday . The company traded as high as GBX 107 and last traded at GBX 107. 1,431,418 shares were traded during trading, an increase of 10% from the average session volume of 1,304,687 shares. The stock had previously closed at GBX 98.

Analysts Set New Price Targets

A number of research firms recently commented on BOKU. Canaccord Genuity Group lowered their price target on shares of Boku from GBX 324 to GBX 263 and set a “buy” rating on the stock in a report on Thursday, July 9th. Berenberg Bank lowered their target price on Boku from GBX 300 to GBX 200 and set a “buy” rating on the stock in a research note on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Boku currently has a consensus rating of “Buy” and an average price target of GBX 270.50.

Boku Price Performance

The firm’s 50 day moving average price is GBX 140.66 and its two-hundred day moving average price is GBX 173.46. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.28 and a quick ratio of 1.38. The stock has a market cap of £312.67 million, a PE ratio of 26.75 and a beta of 0.10.

Insiders Place Their Bets

In related news, insider Stuart Paul Neal bought 106,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were purchased at an average price of GBX 95 per share, for a total transaction of £100,700. Also, insider Rob Whittick purchased 65,000 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was bought at an average cost of GBX 99 per share, with a total value of £64,350. Insiders own 5.72% of the company’s stock.

About Boku