Berenberg Bank Cuts Cerillion (LON:CER) Price Target to GBX 1,375

Cerillion (LON:CER) had its price target lowered by Berenberg Bank from GBX 2,015 to GBX 1,375 in a research note released on Wednesday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Several other research analysts have also weighed in on CER. Deutsche Bank Aktiengesellschaft cut their target price on Cerillion from GBX 1,400 to GBX 1,200 and set a “buy” rating on the stock in a research report on Tuesday. Canaccord Genuity Group dropped their price target on Cerillion from GBX 2,060 to GBX 1,760 and set a “buy” rating for the company in a research note on Monday, September 14th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,671.

Cerillion Stock Down 0.3%

Shares of CER opened at GBX 748 on Wednesday. Cerillion has a fifty-two week low of GBX 650 and a fifty-two week high of GBX 1,770. The company’s fifty day moving average is GBX 956.38 and its two-hundred day moving average is GBX 1,156.12. The firm has a market cap of £220.97 million, a PE ratio of 16.16 and a beta of 0.49. The company has a quick ratio of 2.75, a current ratio of 4.83 and a debt-to-equity ratio of 6.60.

Cerillion Company Profile

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities.

Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.