IDOX’s (IDOX) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of IDOX (LON:IDOX) in a report released on Friday morning, MarketBeat Ratings reports. The firm currently has a GBX 90 ($1.16) price target on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 81 ($1.05) price objective on shares of IDOX in a report on Tuesday, January 28th.

IDOX Stock Up 2.8 %

LON IDOX opened at GBX 58.40 ($0.75) on Friday. IDOX has a one year low of GBX 53.31 ($0.69) and a one year high of GBX 69 ($0.89). The firm has a market cap of £267.06 million, a PE ratio of 48.20, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The stock’s 50 day simple moving average is GBX 60.41 and its 200 day simple moving average is GBX 60.97. The company has a debt-to-equity ratio of 30.03, a current ratio of 0.70 and a quick ratio of 1.00.

IDOX (LON:IDOX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported GBX 2.63 ($0.03) EPS for the quarter. IDOX had a net margin of 6.82% and a return on equity of 7.18%. As a group, sell-side analysts forecast that IDOX will post 2.7173913 earnings per share for the current fiscal year.

IDOX Company Profile

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.