Panmure Gordon Reaffirms “Buy” Rating for Accsys Technologies (LON:AXS)

Accsys Technologies (LON:AXS)‘s stock had its “buy” rating reaffirmed by Panmure Gordon in a note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a GBX 100 price target on the stock. Panmure Gordon’s price objective would indicate a potential upside of 55.76% from the company’s current price.

Accsys Technologies Trading Up 2.2%

Accsys Technologies stock opened at GBX 64.20 on Tuesday. Accsys Technologies has a 1 year low of GBX 38 and a 1 year high of GBX 70. The firm’s 50-day moving average is GBX 62.89 and its 200-day moving average is GBX 60.84. The company has a debt-to-equity ratio of 54.32, a quick ratio of 0.59 and a current ratio of 2.71. The company has a market cap of £155.53 million, a P/E ratio of -6.42 and a beta of 1.32.

Accsys Technologies Company Profile

Accsys is a fast growing business with a purpose.

We combine chemistry, technology and ingenuity to make high performance wood products that are extremely durable and stable, opening new opportunities for the built environment.

By doing so, we give the world a choice to build sustainably.

We use fast growing, sustainably sourced timber to create long life wood products with properties that can compete with traditional non-sustainable building materials, such as tropical hardwoods, metal, plastic and concrete.

Our acetylation process boosts the already naturally occurring acetyl content of wood and by doing so, reduces the ability of the wood to absorb water, rendering it more dimensionally stable and because it is no longer digestible, extremely durable.

Our process is extremely efficient and locks carbon into a long-life product.