Canaccord Genuity Group Reiterates Buy Rating for Microlise Group (LON:SAAS)

Microlise Group (LON:SAAS)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Tuesday, Digital Look reports. They currently have a GBX 155 price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 226.32% from the company’s current price.

Microlise Group Stock Down 4.0%

Shares of LON SAAS opened at GBX 47.50 on Tuesday. Microlise Group has a 52 week low of GBX 37 and a 52 week high of GBX 150. The stock’s fifty day moving average is GBX 45.18 and its 200 day moving average is GBX 49.30. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.08 and a current ratio of 1.01. The stock has a market capitalization of £55.09 million, a P/E ratio of -25.40 and a beta of 0.38.

About Microlise Group

Microlise Group Plc is a leading provider of transport and fleet technology to transport and logistic operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.

Established in 1982, Microlise is an award-winning business with over 2,500 clients, and a global workforce of 730 across the Group’s headquarters in Nottingham in the UK, and offices in France, Australia, and India.

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange’s Green Economy Mark.