Blancco Technology Group (LON:BLTG) had its target price increased by Peel Hunt from GBX 154 ($2.01) to GBX 173 ($2.26) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a buy rating on the stock.
Shares of Blancco Technology Group stock opened at GBX 132 ($1.72) on Thursday. The company has a debt-to-equity ratio of 12.97, a current ratio of 1.75 and a quick ratio of 1.73. The company has a market capitalization of $86.06 million and a PE ratio of 37.71. Blancco Technology Group has a 1-year low of GBX 75 ($0.98) and a 1-year high of GBX 157 ($2.05). The business’s 50-day moving average price is GBX 138.94.
In related news, insider Frank Blin purchased 10,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average cost of GBX 150 ($1.96) per share, with a total value of £15,000 ($19,600.16).
Blancco Technology Group plc, together with its subsidiaries, provides mobile device diagnostics and data erasure services in the United States, the United Kingdom, the Asia Pacific, and internationally. It offers Blancco Drive Eraser, which erases sensitive data from HDDs and complex SSDs in PC desktop computers, laptops, and servers; Blancco Mobile Solutions, a mobile diagnostics testing and erasure solution; and Blancco File Eraser, which erases sensitive files and folders from PC desktop computers, laptops, and servers.
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