IDOX (LON:IDOX) Receives Buy Rating from Berenberg Bank

IDOX (LON:IDOX)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a GBX 81 ($1.01) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 26.56% from the company’s previous close.

IDOX Stock Up 1.3 %

Shares of IDOX traded up GBX 0.80 ($0.01) on Tuesday, reaching GBX 64 ($0.80). The company’s stock had a trading volume of 694,462 shares, compared to its average volume of 363,725. The stock has a market capitalization of £294.52 million, a PE ratio of 6,400.00, a PEG ratio of 3.15 and a beta of 0.38. The company has a current ratio of 0.92, a quick ratio of 1.00 and a debt-to-equity ratio of 35.05. IDOX has a twelve month low of GBX 53.31 ($0.66) and a twelve month high of GBX 69 ($0.86). The firm has a fifty day moving average of GBX 62.81 and a 200-day moving average of GBX 61.47.

IDOX (LON:IDOX) last posted its earnings results on Tuesday, January 28th. The company reported GBX 2.63 ($0.03) earnings per share for the quarter. IDOX had a return on equity of 7.62% and a net margin of 6.82%. Equities analysts predict that IDOX will post 2.7173913 EPS for the current year.

About IDOX

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.