Cerillion (LON:CER) Shares Down 12% Following Analyst Downgrade

Cerillion Plc (LON:CER) was down 12% on Monday after Canaccord Genuity Group lowered their price target on the stock from GBX 2,060 to GBX 1,760. Canaccord Genuity Group currently has a buy rating on the stock. Cerillion traded as low as GBX 740 and last traded at GBX 774. 605,262 shares were traded during mid-day trading, an increase of 320% from the average session volume of 143,971 shares. The stock had previously closed at GBX 880.

A number of other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Cerillion from GBX 1,575 to GBX 1,400 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,015 price objective on shares of Cerillion in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,839.

Cerillion Stock Down 12.0%

The company has a market capitalization of £228.66 million, a P/E ratio of 16.72 and a beta of 0.49. The company has a debt-to-equity ratio of 6.60, a quick ratio of 2.75 and a current ratio of 4.83. The firm’s fifty day moving average is GBX 984.79 and its 200-day moving average is GBX 1,180.83.

Cerillion Company Profile

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.