Water Intelligence’s (WATR) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Water Intelligence (LON:WATR)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 515 target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 60.94% from the stock’s previous close.

Water Intelligence Stock Down 6.6%

WATR traded down GBX 22.50 during trading hours on Wednesday, hitting GBX 320. 279,510 shares of the company’s stock were exchanged, compared to its average volume of 28,984. The stock has a market cap of £53.81 million, a price-to-earnings ratio of 11.43, a PEG ratio of -1.23 and a beta of 0.98. Water Intelligence has a 1-year low of GBX 210 and a 1-year high of GBX 360. The stock’s 50-day moving average is GBX 328.32 and its two-hundred day moving average is GBX 281.97. The company has a quick ratio of 2.17, a current ratio of 1.31 and a debt-to-equity ratio of 48.77.

Water Intelligence Company Profile

Water Intelligence plc, together with its subsidiaries, provides leak detection and remediation services for potable and non-potable water in the United States, the United Kingdom, Australia, Canada, and internationally. The company operates through Franchise Royalty Income, Franchise-Related Activities, US Corporate Operated Locations, and International Corporate Operated Locations segments. It offers water leak and repair solutions. The company is involved in franchising activities, as well as operates corporate owned stores.