Bango (LON:BGO) Given New GBX 181 Price Target at Canaccord Genuity Group

Bango (LON:BGO) had its price target cut by Canaccord Genuity Group from GBX 212 to GBX 181 in a report issued on Monday,Digital Look reports. They currently have a buy rating on the stock.

Bango Stock Down 11.0%

LON BGO opened at GBX 69 on Monday. The stock’s 50 day moving average is GBX 70.27 and its 200 day moving average is GBX 83.19. The company has a current ratio of 0.73, a quick ratio of 2.37 and a debt-to-equity ratio of 79.21. Bango has a 12 month low of GBX 55 and a 12 month high of GBX 129. The stock has a market cap of £53.12 million, a PE ratio of -20.06 and a beta of 0.68.

Insider Buying and Selling

In related news, insider Ray Anderson sold 40,123 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of GBX 43, for a total value of £17,252.89. Also, insider Paul Larbey purchased 15,115 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average cost of GBX 79 per share, for a total transaction of £11,940.85. Over the last three months, insiders purchased 15,519 shares of company stock worth $1,224,148. 12.05% of the stock is owned by insiders.

Bango Company Profile

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.