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 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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