Canaccord Genuity Group Raises Celebrus Technologies (LON:CLBS) Price Target to GBX 475

Celebrus Technologies (LON:CLBS) had its price objective hoisted by research analysts at Canaccord Genuity Group from GBX 330 ($4.21) to GBX 475 ($6.06) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 57.81% from the stock’s previous close.

Celebrus Technologies Stock Performance

LON CLBS opened at GBX 301 ($3.84) on Wednesday. The firm has a 50-day simple moving average of GBX 289.73 and a 200 day simple moving average of GBX 256.01. Celebrus Technologies has a twelve month low of GBX 176.50 ($2.25) and a twelve month high of GBX 316 ($4.03). The stock has a market cap of £118.71 million, a PE ratio of 3,010.00 and a beta of 1.34.

Insiders Place Their Bets

In other Celebrus Technologies news, insider Ashoni (Ash) Kumar Mehta sold 34,383 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of GBX 275 ($3.51), for a total transaction of £94,553.25 ($120,649.80). Corporate insiders own 15.45% of the company’s stock.

About Celebrus Technologies

Celebrus Technologies plc, together with its subsidiaries, provides information technology products and services. It offers Celebrus, a suite of data-driven solutions for data capture, fraud and scams, and data management solutions. The company provides services that are focused on delivering data management solutions using public and private cloud infrastructure; and fraud detection and prevention services through fraud data platform.