Celebrus Technologies (LON:CLBS) Trading Down 3.3% – What’s Next?

Celebrus Technologies plc (LON:CLBS) shares dropped 3.3% during mid-day trading on Wednesday . The stock traded as low as GBX 130.50 and last traded at GBX 130.50. Approximately 2,331 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 99,575 shares. The stock had previously closed at GBX 135.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their target price on shares of Celebrus Technologies from GBX 290 to GBX 280 and set a “buy” rating for the company in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 280.

Celebrus Technologies Stock Down 3.3%

The company has a market cap of £51.34 million, a price-to-earnings ratio of 13.75 and a beta of 1.34. The business has a fifty day simple moving average of GBX 137.92 and a 200 day simple moving average of GBX 155.78.

Celebrus Technologies Company Profile

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.