PCI-PAL (LON:PCIP) Shares Up 13.6% – Should You Buy?

PCI-PAL PLC (LON:PCIP) shot up 13.6% during trading on Tuesday . The company traded as high as GBX 50.90 and last traded at GBX 50. Approximately 488,849 shares were traded during mid-day trading, an increase of 456% from the average session volume of 87,901 shares. The stock had previously closed at GBX 44.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 115 target price on shares of PCI-PAL in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 115.

PCI-PAL Trading Up 13.6%

The stock has a market capitalization of £36.23 million, a P/E ratio of -73.53 and a beta of 0.60. The company has a 50-day moving average price of GBX 45.90 and a 200 day moving average price of GBX 50.57.

About PCI-PAL

PCI-PAL provides organisations that engage with customers by phone with globally accessible cloud solutions, ensuring their conversations are PCI compliant and personal data is protected. Safeguarding reputations and trust.

Our vision is be the preferred solution provider that technology vendors globally turn to for achieving PCI compliance for payments by phone. By dedicating ourselves to the focused pursuit of easy to integrate and simple to deploy technology, we will provide the most compelling value proposition for our partners to solve their customers challenges in achieving compliance and safeguarding reputations.

It is our people, beyond our technology, who underpin our business and support our partners.