Microlise Group (LON:SAAS) Rating Lowered to “Buy” at Canaccord Genuity Group

Microlise Group (LON:SAAS) was downgraded by Canaccord Genuity Group to a “buy” rating in a research note issued on Thursday,Digital Look reports. They presently have a GBX 166 target price on the stock, down from their prior target price of GBX 191. Canaccord Genuity Group’s target price would suggest a potential upside of 295.24% from the company’s current price.

Microlise Group Stock Down 1.2%

SAAS stock opened at GBX 42 on Thursday. The stock has a market cap of £48.70 million, a P/E ratio of -61.49 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 1.08 and a debt-to-equity ratio of 5.70. The stock’s fifty day simple moving average is GBX 59.78 and its two-hundred day simple moving average is GBX 84.37. Microlise Group has a 1-year low of GBX 41 and a 1-year high of GBX 150.

Microlise Group (LON:SAAS) last released its earnings results on Thursday, May 14th. The company reported GBX 1.72 EPS for the quarter. The company had revenue of GBX 8,403 million during the quarter. Microlise Group had a negative return on equity of 3.09% and a negative net margin of 2.58%. Analysts expect 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