Angling Direct (LON:ANG) Price Target Cut to GBX 54 by Analysts at Canaccord Genuity Group

Angling Direct (LON:ANG) had its price objective cut by Canaccord Genuity Group from GBX 78 to GBX 54 in a report released on Tuesday morning,Digital Look reports. They currently have a buy rating on the stock.

Angling Direct Stock Performance

Shares of ANG stock opened at GBX 53.62 on Tuesday. Angling Direct has a 12-month low of GBX 45.50 and a 12-month high of GBX 56. The firm has a market capitalization of £36.58 million, a price-to-earnings ratio of 19.29 and a beta of 0.61. The business has a 50 day simple moving average of GBX 51.80 and a 200 day simple moving average of GBX 50.27. The company has a debt-to-equity ratio of 31.21, a current ratio of 2.61 and a quick ratio of 1.50.

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

About Angling Direct

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.