Ideagen (LON:IDEA) Earns “Buy” Rating from Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of Ideagen (LON:IDEA) in a report issued on Wednesday morning, Digital Look reports. They currently have a GBX 180 ($2.35) target price on the stock.

Separately, FinnCap reiterated a corporate rating on shares of Ideagen in a report on Friday, October 11th.

Shares of IDEA stock remained flat at $GBX 152 ($1.99) during trading on Wednesday. 119,495 shares of the stock traded hands, compared to its average volume of 93,247. The company has a market capitalization of $343.76 million and a price-to-earnings ratio of 253.33. The company has a debt-to-equity ratio of 10.18, a current ratio of 0.69 and a quick ratio of 0.61. The firm’s 50-day moving average price is GBX 148.79 and its two-hundred day moving average price is GBX 145.32. Ideagen has a 1 year low of GBX 41 ($0.54) and a 1 year high of GBX 160.45 ($2.10).

In related news, insider David Hornsby sold 260,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 148 ($1.93), for a total value of £384,800 ($502,809.36). Also, insider Ben Dorks sold 650,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of GBX 148 ($1.93), for a total transaction of £962,000 ($1,257,023.39).

About Ideagen

Ideagen plc develops and supplies information management software in the United Kingdom, the United States, Bulgaria, Malaysia, and the Middle East. Its governance, risk and compliance (GRC) management solutions comprise Q-Pulse QMS, an electronic quality management system; Q-Pulse PM, a product management software; Pentana Audit, an audit automation application; Pentana Disclose, a financial disclosure checklist software; Pentana Performance, a cloud-based performance and risk management software; Coruson, an enterprise cloud safety management software; and PleaseReview, a document review, co-authoring, and redaction software.

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