Bango (LON:BGO) Stock Price Target Lowered at Canaccord Genuity Group

Bango (LON:BGO) had its price objective dropped by stock analysts at Canaccord Genuity Group from GBX 181 to GBX 160 in a research report issued on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 124.56% from the stock’s previous close.

Bango Stock Performance

Shares of BGO stock opened at GBX 71.25 on Friday. The firm has a market cap of £54.90 million, a price-to-earnings ratio of -7.23 and a beta of 0.67. The company’s 50 day moving average is GBX 63.91 and its 200 day moving average is GBX 64.01. The company has a quick ratio of 2.37, a current ratio of 0.67 and a debt-to-equity ratio of 98.20. Bango has a 52-week low of GBX 55 and a 52-week high of GBX 115.

Insider Transactions at Bango

In other Bango news, insider Duncan Magrath purchased 25,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was bought at an average cost of GBX 72 per share, for a total transaction of £18,000. Also, insider Matt Wilson purchased 6,438 shares of the stock in a transaction on Friday, July 10th. The stock was acquired at an average cost of GBX 71 per share, with a total value of £4,570.98. Company insiders own 12.11% of the company’s stock.

About Bango

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.