Beeks Financial Cloud Group (LON:BKS) Shares Up 11.5% – What’s Next?

Shares of Beeks Financial Cloud Group plc (LON:BKS) shot up 11.5% on Friday . The stock traded as high as GBX 265 ($3.56) and last traded at GBX 262 ($3.52). 437,333 shares traded hands during trading, an increase of 106% from the average session volume of 212,620 shares. The stock had previously closed at GBX 235 ($3.16).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 335 target price on shares of Beeks Financial Cloud Group in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Beeks Financial Cloud Group has a consensus rating of “Buy” and a consensus price target of GBX 335.

Beeks Financial Cloud Group Trading Up 2.4%

The company has a market capitalization of £180.79 million, a P/E ratio of 7,802.65 and a beta of 0.38. The business has a fifty day moving average price of GBX 215.61 and a 200 day moving average price of GBX 216.89. The company has a quick ratio of 1.85, a current ratio of 2.09 and a debt-to-equity ratio of 7.72.

Beeks Financial Cloud Group (LON:BKS) last issued its quarterly earnings results on Monday, October 6th. The company reported GBX 8.47 EPS for the quarter. Beeks Financial Cloud Group had a return on equity of 6.12% and a net margin of 7.70%. On average, analysts expect that Beeks Financial Cloud Group plc will post 7.3180848 earnings per share for the current fiscal year.

Beeks Financial Cloud Group Company Profile

Cloud computing is crucial to Capital Markets and finance. Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.