Microlise Group (LON:SAAS) Earns Buy Rating from Canaccord Genuity Group

Microlise Group (LON:SAAS)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 155 target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 228.04% from the stock’s previous close.

Microlise Group Price Performance

Shares of LON:SAAS opened at GBX 47.25 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.08 and a debt-to-equity ratio of 6.61. Microlise Group has a 1 year low of GBX 37 and a 1 year high of GBX 150. The business has a fifty day simple moving average of GBX 45.54 and a 200 day simple moving average of GBX 49. The firm has a market cap of £54.80 million, a price-to-earnings ratio of -25.27 and a beta of 0.38.

Microlise Group (LON:SAAS) last issued its earnings results on Wednesday, September 23rd. The company reported GBX 1.20 EPS for the quarter. Microlise Group had a negative return on equity of 3.58% and a negative net margin of 3.05%. As a group, sell-side analysts predict that Microlise Group will post 5.5260831 earnings per share for the current fiscal year.

Microlise Group Company Profile

Microlise Group Plc is a leading provider of transport and fleet technology to transport and logistic operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.

Established in 1982, Microlise is an award-winning business with over 2,500 clients, and a global workforce of 730 across the Group’s headquarters in Nottingham in the UK, and offices in France, Australia, and India.

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange’s Green Economy Mark.