Angling Direct (LON:ANG) Sets New 1-Year High – Should You Buy?

Angling Direct PLC (LON:ANG)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 56 and last traded at GBX 53.62, with a volume of 134,561 shares traded. The stock had previously closed at GBX 54.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on Angling Direct from GBX 78 to GBX 54 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Angling Direct currently has an average rating of “Buy” and a consensus price target of GBX 54.

Angling Direct Stock Down 0.7%

The company has a market cap of £36.58 million, a PE ratio of 19.29 and a beta of 0.61. The stock’s 50 day moving average price is GBX 51.69 and its 200-day moving average price is GBX 50.24. The company has a debt-to-equity ratio of 31.21, a quick ratio of 1.50 and a current ratio of 2.61.

Angling Direct (LON:ANG) last released its earnings results on Tuesday, October 13th. The company reported GBX 3.20 EPS for the quarter. Angling Direct had a net margin of 1.99% and a return on equity of 5.06%. On average, analysts predict that Angling Direct PLC will post 1.92 earnings per share for the current year.

Angling Direct Company Profile

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.