Microlise Group (LON:SAAS) Earns Buy Rating from Canaccord Genuity Group

Microlise Group (LON:SAAS)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 199 ($2.64) target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 45.63% from the stock’s current price.

Microlise Group Trading Down 0.6%

Shares of SAAS stock opened at GBX 136.65 ($1.81) on Thursday. The firm has a 50 day moving average price of GBX 114.97 and a two-hundred day moving average price of GBX 109.14. The company has a quick ratio of 1.08, a current ratio of 1.25 and a debt-to-equity ratio of 2.38. The company has a market capitalization of £158.24 million, a PE ratio of 116.95 and a beta of 0.19. Microlise Group has a 12-month low of GBX 88 ($1.17) and a 12-month high of GBX 145 ($1.92).

Insider Transactions at Microlise Group

In related news, insider Nick Wightman acquired 18,827 shares of the business’s stock in a transaction on Monday, June 30th. The stock was purchased at an average cost of GBX 106 ($1.41) per share, for a total transaction of £19,956.62 ($26,488.74). 59.96% of the stock is owned by company insiders.

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