Angling Direct (LON:ANG) Earns “Buy” Rating from Canaccord Genuity Group

Angling Direct (LON:ANGGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 78 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 64.64% from the stock’s current price.

Angling Direct Stock Performance

Shares of LON:ANG traded down GBX 2.13 during mid-day trading on Tuesday, reaching GBX 47.38. The company had a trading volume of 1,138,520 shares, compared to its average volume of 88,918. Angling Direct has a one year low of GBX 40 and a one year high of GBX 60. The company has a current ratio of 2.43, a quick ratio of 1.50 and a debt-to-equity ratio of 30.74. The company’s 50-day moving average price is GBX 50.58 and its 200-day moving average price is GBX 51.85. The firm has a market cap of £34.38 million, a price-to-earnings ratio of 18.95 and a beta of 0.65.

Angling Direct (LON:ANGGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported GBX 2.81 earnings per share for the quarter. The business had revenue of £103.90 million during the quarter. Angling Direct had a return on equity of 4.60% and a net margin of 1.86%. As a group, equities research analysts anticipate that Angling Direct will post 1.9191919 EPS for the current fiscal year.

About Angling Direct

(Get Free Report)

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.

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