Celebrus Technologies (LON:CLBS) Trading Up 7.4% – Time to Buy?

Celebrus Technologies plc (LON:CLBS)’s share price shot up 7.4% during mid-day trading on Monday . The stock traded as high as GBX 90 and last traded at GBX 90. 5,564,803 shares traded hands during trading, an increase of 2,068% from the average session volume of 256,713 shares. The stock had previously closed at GBX 83.77.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on shares of Celebrus Technologies from GBX 280 to GBX 150 and set a “buy” rating on the stock in a research note on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Celebrus Technologies has an average rating of “Buy” and an average price target of GBX 150.

Celebrus Technologies Price Performance

The stock has a market cap of £34.73 million, a P/E ratio of 9.48 and a beta of 0.80. The firm’s fifty day moving average price is GBX 95.62 and its two-hundred day moving average price is GBX 121.41.

About Celebrus Technologies

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.