Microlise Group plc (LON:SAAS – Get Free Report) shares were down 0.7% on Tuesday . The stock traded as low as GBX 124 ($1.67) and last traded at GBX 125.90 ($1.70). Approximately 69,750 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 120,717 shares. The stock had previously closed at GBX 126.75 ($1.71).
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on SAAS shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 199 target price on shares of Microlise Group in a research note on Thursday, July 31st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 price objective on shares of Microlise Group in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 204.50.
Check Out Our Latest Stock Analysis on Microlise Group
Microlise Group Trading Down 0.7%
Insider Transactions at Microlise Group
In related news, insider Nick Wightman bought 18,827 shares of the company’s stock in a transaction on Monday, June 30th. The stock was acquired at an average cost of GBX 106 per share, for a total transaction of £19,956.62. 59.96% of the stock is currently owned by insiders.
About Microlise Group
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
Further Reading
- Five stocks we like better than Microlise Group
- Trading Halts Explained
- As Trump Blocks Clean Energy, What’s Next for Renewables?
- What is a Stock Market Index and How Do You Use Them?
- How a Superstore Strategy Fueled MINISO’s 20% Stock Surge
- How to Evaluate a Stock Before Buying
- Analysts Love These 3 Companies Reporting Earnings This Week
Receive News & Ratings for Microlise Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microlise Group and related companies with MarketBeat.com's FREE daily email newsletter.