Simplybiz Group (SBIZ) Price Target Raised to GBX 225

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Simplybiz Group (LON:SBIZ) had its price objective boosted by investment analysts at Peel Hunt from GBX 215 ($2.81) to GBX 225 ($2.94) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price target would indicate a potential upside of 7.65% from the stock’s current price.

LON:SBIZ opened at GBX 209.01 ($2.73) on Wednesday. The company has a debt-to-equity ratio of 27.98, a quick ratio of 1.21 and a current ratio of 1.25. Simplybiz Group has a fifty-two week low of GBX 145 ($1.89) and a fifty-two week high of GBX 208.36 ($2.72). The firm has a market cap of $159.83 million and a P/E ratio of 53.59.

About Simplybiz Group

The SimplyBiz Group Limited provides regulatory and business support services to professionals operating within the financial services market in the United Kingdom. It operates through two segments, Intermediary Services and Distribution Channels. The Intermediary Services segment provides compliance and regulation services to financial intermediary member firms, including directly authorized IFSs, directly authorized mortgage advisers, workplace consultants, and directly authorized consumer credit brokers.

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