Analysts at Berenberg Bank assumed coverage on shares of Acceler8 Ventures (LON:AC8 – Get Free Report) in a research note issued to investors on Wednesday, Digital Look reports. The firm set a “buy” rating and a GBX 130 price target on the stock. Berenberg Bank‘s target price suggests a potential upside of 142.95% from the company’s previous close.
Acceler8 Ventures Price Performance
AC8 stock opened at GBX 53.51 on Wednesday. The company has a market cap of £402.49 million and a PE ratio of -9.83. Acceler8 Ventures has a 12-month low of GBX 17.32 and a 12-month high of GBX 115. The company has a 50 day simple moving average of GBX 68.08.
Insiders Place Their Bets
In other Acceler8 Ventures news, insider Giles Willits purchased 75,500 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The stock was purchased at an average price of GBX 63 per share, for a total transaction of £47,565. Also, insider Richard Kilsby purchased 110,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of GBX 93 per share, with a total value of £102,300. Insiders acquired a total of 497,429 shares of company stock worth $183,513,030 in the last 90 days. 0.16% of the stock is currently owned by company insiders.
About Acceler8 Ventures
Acceler8 Ventures plc is a publicly listed investment company focused on identifying and supporting businesses with growth potential. The company’s stated areas of interest include sports, media, entertainment and related consumer or technology opportunities.
Rather than operating a broad portfolio of traditional products or services, Acceler8 Ventures provides capital and strategic support to businesses in its investment portfolio. Its activities may include evaluating new investment opportunities, developing existing holdings and helping portfolio companies pursue expansion.
Acceler8 Ventures is listed in London under the ticker symbol AC8.
See Also
- Five stocks we like better than Acceler8 Ventures
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for Acceler8 Ventures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acceler8 Ventures and related companies with MarketBeat.com's FREE daily email newsletter.
