Equals Group (LON:EQLS) Price Target Raised to GBX 54 at Canaccord Genuity

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Equals Group (LON:EQLS) had its target price upped by stock analysts at Canaccord Genuity from GBX 41 ($0.54) to GBX 54 ($0.71) in a research report issued on Thursday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 42.11% from the stock’s previous close.

Shares of LON:EQLS traded down GBX 1.50 ($0.02) during midday trading on Thursday, reaching GBX 38 ($0.50). 966,488 shares of the company were exchanged, compared to its average volume of 521,839. The stock has a market cap of £67.87 million and a PE ratio of -7.60. The business’s fifty day moving average is GBX 36.35 and its two-hundred day moving average is GBX 31.50. Equals Group has a one year low of GBX 11.90 ($0.16) and a one year high of GBX 58 ($0.76). The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 14.70.

About Equals Group

Equals Group plc, through its subsidiaries, primarily provides foreign exchange payment services and banking services to private clients and corporations through prepaid currency cards, travel cash, international money transfers, and current accounts in the United Kingdom. The company operates a platform that enables personal and business customers to make payments in a range of currencies, and across a range of products through an integrated system.

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