CentralNic Group (LON:CNIC) Receives “Buy” Rating from Berenberg Bank

CentralNic Group (LON:CNIC)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 180 ($2.35) target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 102.70% from the stock’s previous close.

CNIC traded up GBX 0.40 ($0.01) during midday trading on Tuesday, reaching GBX 88.80 ($1.16). The company’s stock had a trading volume of 107,067 shares, compared to its average volume of 212,616. The company has a market capitalization of £223.03 million and a price-to-earnings ratio of -29.60. The company has a debt-to-equity ratio of 106.74, a current ratio of 0.94 and a quick ratio of 0.93. CentralNic Group has a 1 year low of GBX 70 ($0.91) and a 1 year high of GBX 105.96 ($1.38). The company’s 50-day simple moving average is GBX 85.30.

In other CentralNic Group news, insider Max Royde acquired 10,000 shares of the business’s stock in a transaction on Wednesday, July 7th. The shares were acquired at an average price of GBX 86 ($1.12) per share, for a total transaction of £8,600 ($11,235.96).

CentralNic Group Company Profile

CentralNic Group Plc provides domain name services worldwide. It operates through Indirect, Direct, and Monetisation segments. The company's Indirect segment distributes domain names to retailers and resellers through a network of channel partners. Its Direct segment provides ancillary services; monitoring services to protect brands online; and technical and consultancy services to corporate clients, as well as licenses its registry management platform and sells domain names to large corporations.

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