Berenberg Bank Reiterates Buy Rating for CentralNic Group (LON:CNIC)

Berenberg Bank reaffirmed their buy rating on shares of CentralNic Group (LON:CNIC) in a report issued on Tuesday, Digital Look reports. The brokerage currently has a GBX 180 ($2.35) price target on the stock.

Shares of CentralNic Group stock traded up GBX 0.40 ($0.01) on Tuesday, reaching GBX 88.80 ($1.16). 107,067 shares of the stock were exchanged, compared to its average volume of 212,616. The firm’s 50 day simple moving average is GBX 85.30. CentralNic Group has a one year low of GBX 70 ($0.91) and a one year high of GBX 105.96 ($1.38). The company has a debt-to-equity ratio of 106.74, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a market cap of £223.03 million and a price-to-earnings ratio of -29.60.

In other CentralNic Group news, insider Max Royde purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, July 7th. The stock was purchased at an average cost of GBX 86 ($1.12) per share, for a total transaction of £8,600 ($11,235.96).

About CentralNic Group

CentralNic Group Plc provides domain name services worldwide. It operates through Indirect, Direct, and Monetisation segments. The company's Indirect segment distributes domain names to retailers and resellers through a network of channel partners. Its Direct segment provides ancillary services; monitoring services to protect brands online; and technical and consultancy services to corporate clients, as well as licenses its registry management platform and sells domain names to large corporations.

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