CentralNic Group (LON:CNIC) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of CentralNic Group (LON:CNICGet Rating) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 250 ($2.96) price target on the stock.

CentralNic Group Trading Down 3.9 %

Shares of CentralNic Group stock opened at GBX 118.24 ($1.40) on Tuesday. CentralNic Group has a 12-month low of GBX 106.50 ($1.26) and a 12-month high of GBX 150 ($1.77). The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 89.80. The stock has a market cap of £341.31 million and a PE ratio of 6,150.00. The company has a 50-day moving average of GBX 123.69 and a two-hundred day moving average of GBX 122.31.

Insider Buying and Selling at CentralNic Group

In other CentralNic Group news, insider Max Royde acquired 19,448 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average cost of GBX 109 ($1.29) per share, with a total value of £21,198.32 ($25,066.00). In other news, insider Donald Baladasan sold 270,000 shares of the firm’s stock in a transaction that occurred on Monday, September 5th. The shares were sold at an average price of GBX 113 ($1.34), for a total transaction of £305,100 ($360,766.23). Also, insider Max Royde acquired 19,448 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were acquired at an average cost of GBX 109 ($1.29) per share, with a total value of £21,198.32 ($25,066.00). Over the last three months, insiders purchased 75,617 shares of company stock valued at $8,941,943.

CentralNic Group Company Profile

(Get Rating)

CentralNic Group Plc provides domain name services worldwide. It operates through Online Presence and Online Marketing segments. The company's Online Presence segment provides tools for businesses to go online, such as reseller, registry operator, registry service provider, retail, and computer software channels, as well as strategic consultancy and related services.

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