Microlise Group (LON:SAAS) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Microlise Group (LON:SAAS) in a research note released on Thursday,London Stock Exchange reports. The brokerage issued a buy rating and a GBX 199 ($2.58) price target on the stock.

Microlise Group Stock Performance

Shares of SAAS opened at GBX 112 ($1.45) on Thursday. The firm’s 50 day moving average price is GBX 108.64 and its two-hundred day moving average price is GBX 110.22. The firm has a market cap of £129.69 million, a P/E ratio of 95.85 and a beta of 0.19. Microlise Group has a twelve month low of GBX 88 ($1.14) and a twelve month high of GBX 178 ($2.30). The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.25.

Microlise Group (LON:SAAS) last issued its earnings results on Thursday, March 27th. The company reported GBX 4.19 ($0.05) EPS for the quarter. Microlise Group had a return on equity of 1.87% and a net margin of 2.14%. On average, analysts forecast that Microlise Group will post 5.5260831 EPS for the current fiscal year.

Microlise Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 5th will be given a GBX 1.24 ($0.02) dividend. This is a boost from Microlise Group’s previous dividend of $0.57. This represents a yield of 1.19%. The ex-dividend date is Thursday, June 5th. Microlise Group’s dividend payout ratio is 171.17%.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia