Beeks Trading (LON:BKS) Receives “Buy” Rating from Canaccord Genuity Group

Beeks Trading (LON:BKSGet Rating)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, reports. They currently have a GBX 220 ($2.77) price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 43.42% from the company’s previous close.

Beeks Trading stock opened at GBX 153.40 ($1.93) on Thursday. The firm has a market cap of £100.33 million and a price-to-earnings ratio of 90.24. Beeks Trading has a 52 week low of GBX 106.50 ($1.34) and a 52 week high of GBX 210 ($2.64). The business’s 50-day moving average price is GBX 174.01 and its 200 day moving average price is GBX 169.22. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 61.28.

Beeks Trading Company Profile (Get Rating)

Beeks Trading Corporation Ltd. provides virtual private server and infrastructure solutions for traders and broker partners worldwide. The company also offers co-location services; dedicated server packages; and server installation services. In addition, it provides institutional venue connections and retail broker connections through its Equinix platform; and Beeks Marketplace, a cloud-based portal that enables real-time connectivity to various exchanges, data feeds, trading tools, and news services for institutional traders, proprietary trading firms, brokers, wealth managers, and high-end retail traders.

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