Videndum (LON:VID) Price Target Lowered to GBX 450 at Berenberg Bank

Videndum (LON:VID) had its price objective dropped by investment analysts at Berenberg Bank from GBX 500 ($6.28) to GBX 450 ($5.65) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 57.89% from the stock’s previous close.

Separately, Shore Capital lowered Videndum to a “hold” rating in a report on Monday, March 11th.

Videndum Stock Up 1.1 %

LON:VID opened at GBX 285 ($3.58) on Wednesday. Videndum has a 1 year low of GBX 260 ($3.27) and a 1 year high of GBX 794 ($9.97). The company has a current ratio of 2.45, a quick ratio of 0.68 and a debt-to-equity ratio of 57.77. The stock has a market cap of £268.47 million, a price-to-earnings ratio of -1,187.50 and a beta of 0.95. The stock has a 50-day moving average price of GBX 296.44 and a two-hundred day moving average price of GBX 316.10.

Videndum Company Profile

Videndum Plc designs, manufactures, and distributes products and services that enable end users to capture and share content for the broadcast, cinematic, video, photographic, and smartphone applications worldwide. It operates through three segments: Media Solutions, Production Solutions, and Creative Solutions.