Canaccord Genuity Group Reiterates “Buy” Rating for IDOX (LON:IDOX)

Canaccord Genuity Group reaffirmed their buy rating on shares of IDOX (LON:IDOX) in a research note released on Friday morning, Marketbeat reports. The firm currently has a GBX 90 ($1.16) target price on the stock.

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

IDOX Stock Up 2.8 %

IDOX opened at GBX 58.40 ($0.76) on Friday. The company has a 50-day moving average price of GBX 60.41 and a 200 day moving average price of GBX 60.96. IDOX has a twelve month low of GBX 53.31 ($0.69) and a twelve month high of GBX 69 ($0.89). The company has a market cap of £267.06 million, a PE ratio of 48.20, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The company has a quick ratio of 1.00, a current ratio of 0.70 and a debt-to-equity ratio of 30.03.

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

IDOX Company Profile

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.