Microlise Group (LON:SAAS) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of Microlise Group (LON:SAAS) in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage set a “buy” rating and a GBX 199 ($2.56) price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 76.57% from the stock’s previous close.

Microlise Group Stock Performance

Shares of Microlise Group stock traded up GBX 8.70 ($0.11) during trading on Thursday, hitting GBX 112.70 ($1.45). 248,997 shares of the stock were exchanged, compared to its average volume of 85,887. The stock has a market cap of £130.50 million, a PE ratio of 96.45 and a beta of 0.19. The stock’s fifty day moving average is GBX 108.26 and its 200 day moving average is GBX 110.21. Microlise Group has a 12 month low of GBX 88 ($1.13) and a 12 month high of GBX 178 ($2.29). The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.25.

Microlise Group (LON:SAAS) last released its earnings results on Thursday, March 27th. The company reported GBX 4.19 ($0.05) earnings per share for the quarter. Microlise Group had a return on equity of 1.87% and a net margin of 2.14%. As a group, sell-side analysts anticipate that Microlise Group will post 5.5260831 EPS for the current year.

Microlise Group Company Profile

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia