Microlise Group (LON:SAAS) Price Target Cut to GBX 191 by Analysts at Canaccord Genuity Group

Microlise Group (LON:SAAS) had its price target reduced by Canaccord Genuity Group from GBX 199 to GBX 191 in a report published on Monday morning,London Stock Exchange reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 210 price objective on shares of Microlise Group in a report on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 200.50.

Microlise Group Price Performance

SAAS opened at GBX 98.50 on Monday. The stock has a market cap of £114.21 million, a P/E ratio of -144.22 and a beta of 0.19. Microlise Group has a 12 month low of GBX 88 and a 12 month high of GBX 150. 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 fifty day simple moving average of GBX 127.24 and a 200 day simple moving average of GBX 122.07.

Microlise Group (LON:SAAS) last posted its earnings results on Thursday, September 25th. The company reported GBX 2.62 earnings per share for the quarter. Microlise Group had a return on equity of 1.87% and a net margin of 2.14%. On average, research analysts expect that Microlise Group will post 5.5260831 EPS for the current year.

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