Bango (LON:BGO) Earns Buy Rating from Canaccord Genuity Group

Bango (LON:BGO)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a note issued to investors on Monday, MarketBeat reports. They presently have a GBX 244 ($3.29) price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 177.27% from the stock’s current price.

Bango Trading Up 5.4%

Shares of BGO opened at GBX 88 ($1.19) on Monday. The firm has a market cap of £67.61 million, a price-to-earnings ratio of -9.70 and a beta of 0.36. The company has a debt-to-equity ratio of 37.64, a quick ratio of 2.37 and a current ratio of 0.71. Bango has a fifty-two week low of GBX 61.50 ($0.83) and a fifty-two week high of GBX 150 ($2.03). The firm has a 50 day moving average price of GBX 84.89 and a 200-day moving average price of GBX 90.26.

Insiders Place Their Bets

In other news, insider Paul Larbey purchased 10,635 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average cost of GBX 84 ($1.13) per share, for a total transaction of £8,933.40 ($12,060.75). Insiders acquired 27,124 shares of company stock valued at $2,284,267 over the last three months. Insiders own 37.91% of the company’s stock.

About Bango

Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

The world’s largest content providers, including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) trust Bango technology to reach subscribers everywhere.

Bango, where people subscribe.