Canaccord Genuity Group Issues Pessimistic Forecast for 4GLOBAL (LON:4GBL) Stock Price

4GLOBAL (LON:4GBL) had its target price decreased by Canaccord Genuity Group from GBX 100 ($1.30) to GBX 65 ($0.85) in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 160.00% from the stock’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 100 ($1.30) price target on shares of 4GLOBAL in a research report on Thursday, December 12th.

4GLOBAL Trading Down 31.5 %

4GBL opened at GBX 25 ($0.33) on Wednesday. 4GLOBAL has a one year low of GBX 25 ($0.33) and a one year high of GBX 56.85 ($0.74). The company has a debt-to-equity ratio of 6.72, a current ratio of 3.15 and a quick ratio of 3.05. The business has a 50 day simple moving average of GBX 41.10 and a two-hundred day simple moving average of GBX 44.04. The firm has a market capitalization of £6.59 million, a price-to-earnings ratio of -2,500.00 and a beta of -0.40.

About 4GLOBAL

4GLOBAL empowers sports, fitness and wellness organisations to make faster, smarter decisions about their operations, customers and investments through data and actionable insights.

It operates the largest sport participation and facility database in the world, with more than 4 billion data points.

Its customers span both the public and private sectors, including central and local governments (e.g.