Berenberg Bank Reaffirms Buy Rating for Molten Ventures (LON:GROW)

Molten Ventures (LON:GROW)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 580 ($7.40) price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 87.10% from the company’s previous close.

Molten Ventures Stock Down 6.5 %

LON GROW opened at GBX 310 ($3.96) on Wednesday. The company has a debt-to-equity ratio of 7.15, a current ratio of 6.44 and a quick ratio of 4.37. The company’s 50 day simple moving average is GBX 362.11 and its 200 day simple moving average is GBX 372.27. Molten Ventures has a 12 month low of GBX 210.40 ($2.68) and a 12 month high of GBX 432.50 ($5.52). The company has a market capitalization of £574.65 million, a P/E ratio of -1,476.19 and a beta of 1.25.

Insider Buying and Selling

In related news, insider Benjamin David Wilkinson acquired 13,007 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of GBX 309 ($3.94) per share, with a total value of £40,191.63 ($51,284.46). Insiders own 8.56% of the company’s stock.

About Molten Ventures

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, start-ups, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.