Nexteq (LON:NXQ) Stock Rating Reaffirmed by Canaccord Genuity Group

Nexteq (LON:NXQ)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report released on Tuesday, MarketBeat.com reports. They currently have a GBX 300 ($3.73) price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 96.72% from the company’s previous close.

Nexteq Stock Up 1.7 %

Shares of LON NXQ opened at GBX 152.50 ($1.90) on Tuesday. The business’s 50 day moving average price is GBX 149.85 and its 200 day moving average price is GBX 123.40. The firm has a market cap of £101.47 million, a P/E ratio of 1,173.08 and a beta of 1.19. Nexteq has a 52 week low of GBX 92 ($1.15) and a 52 week high of GBX 178 ($2.22).

Insiders Place Their Bets

In other Nexteq news, insider Johan Olivier sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of GBX 151 ($1.88), for a total value of £16,610 ($20,677.21). Insiders own 43.41% of the company’s stock.

Nexteq Company Profile

Nexteq plc operates as a business-to-business technology design and supply chain partner to industrial equipment manufacturers North America, Europe, Asia, Australia, rest of the United Kingdom, and internationally. It operates through two divisions, Quixant and Densitron. The Quixant segment engages in the design, development, and manufacture of gaming platforms and display solutions, such as cabinets and other computer platforms, as well as software for the casino gaming and slot machine industry.