Falanx Group (LON:FLX)‘s stock had its “speculative buy” rating reiterated by stock analysts at Beaufort Securities in a report issued on Wednesday. They currently have a GBX 10 ($0.14) price objective on the stock. Beaufort Securities’ target price suggests a potential upside of 104.08% from the stock’s previous close.
Falanx Group (FLX) opened at GBX 4.90 ($0.07) on Wednesday. Falanx Group has a 1 year low of GBX 0.05 ($0.00) and a 1 year high of GBX 10 ($0.14). The stock has a market capitalization of $5.84 and a PE ratio of -490.00.
In related news, insider Mike Read acquired 350,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was bought at an average cost of GBX 5 ($0.07) per share, for a total transaction of £17,500 ($24,537.30).
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Falanx Group Company Profile
Falanx Group Limited provides cyber defense and intelligence services. The Company’s segments include Intelligence, Resilience, Cyber and Other. Its business divisions include Falanx Cyber Defence and Falanx Intelligence. The Falanx Cyber Defence division provides cloud-based cyber defense services to government and commercial organizations.
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