IDOX (LON:IDOX) Given “Buy” Rating at Canaccord Genuity Group

IDOX (LON:IDOX)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 90 ($1.17) price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 56.03% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 81 ($1.05) target price on shares of IDOX in a research note on Tuesday, January 28th.

IDOX Trading Up 1.6 %

Shares of IDOX stock opened at GBX 57.68 ($0.75) on Friday. IDOX has a 12-month low of GBX 53.31 ($0.69) and a 12-month high of GBX 69 ($0.89). The company has a market cap of £263.78 million, a price-to-earnings ratio of 47.61, a PEG ratio of 3.15 and a beta of 0.38. The company has a current ratio of 0.70, a quick ratio of 1.00 and a debt-to-equity ratio of 30.03. The company’s 50-day moving average price is GBX 60.51 and its 200-day moving average price is GBX 60.98.

IDOX (LON:IDOX) last announced its earnings results on Tuesday, January 28th. The company reported GBX 2.63 ($0.03) earnings per share for the quarter. IDOX had a net margin of 6.82% and a return on equity of 7.18%. On average, equities analysts expect that IDOX will post 2.7173913 earnings per share for the current fiscal year.

About IDOX

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.