PCI-PAL (LON:PCIP) Shares Up 13.6% – Still a Buy?

PCI-PAL PLC (LON:PCIP)’s stock price rose 13.6% on Tuesday . The stock traded as high as GBX 50.90 and last traded at GBX 50. 488,849 shares were traded during mid-day trading, an increase of 456% from the average session volume of 87,901 shares. The stock had previously closed at GBX 44.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 115 price objective on shares of PCI-PAL in a research report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 115.

PCI-PAL Price Performance

The company’s 50 day simple moving average is GBX 45.90 and its two-hundred day simple moving average is GBX 50.57. The company has a market cap of £36.23 million, a PE ratio of -73.53 and a beta of 0.60.

About PCI-PAL

PCI-PAL provides organisations that engage with customers by phone with globally accessible cloud solutions, ensuring their conversations are PCI compliant and personal data is protected. Safeguarding reputations and trust.

Our vision is be the preferred solution provider that technology vendors globally turn to for achieving PCI compliance for payments by phone. By dedicating ourselves to the focused pursuit of easy to integrate and simple to deploy technology, we will provide the most compelling value proposition for our partners to solve their customers challenges in achieving compliance and safeguarding reputations.

It is our people, beyond our technology, who underpin our business and support our partners.