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).
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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