IDOX (LON:IDOX) Earns Buy Rating from Canaccord Genuity Group

IDOX (LON:IDOX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a GBX 90 ($1.16) target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 54.11% from the company’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 81 ($1.05) price objective on shares of IDOX in a research report on Tuesday, January 28th.

IDOX Trading Up 2.8 %

LON IDOX opened at GBX 58.40 ($0.76) on Friday. The company has a quick ratio of 1.00, a current ratio of 0.70 and a debt-to-equity ratio of 30.03. IDOX has a twelve month low of GBX 53.31 ($0.69) and a twelve month high of GBX 69 ($0.89). The firm has a market capitalization of £267.06 million, a PE ratio of 48.20, a P/E/G ratio of 3.15 and a beta of 0.38. The stock’s 50 day moving average is GBX 60.41 and its 200 day moving average is GBX 60.96.

IDOX (LON:IDOX) last released its earnings results on Tuesday, January 28th. The company reported GBX 2.63 ($0.03) EPS for the quarter. IDOX had a return on equity of 7.18% and a net margin of 6.82%. Research analysts forecast that IDOX will post 2.7173913 earnings per share for the current fiscal year.

About IDOX

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.