Nexteq (LON:NXQ) Earns “Buy” Rating from Canaccord Genuity Group

Nexteq (LON:NXQ)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 200 ($2.62) price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 108.33% from the stock’s previous close.

Nexteq Stock Performance

Shares of Nexteq stock traded down GBX 2 ($0.03) during midday trading on Tuesday, hitting GBX 96 ($1.26). The company had a trading volume of 109,441 shares, compared to its average volume of 130,365. The company has a 50 day moving average of GBX 102.57 and a 200 day moving average of GBX 130.85. The stock has a market capitalization of £62.37 million, a P/E ratio of 800.00 and a beta of 1.36. Nexteq has a 52-week low of GBX 74.95 ($0.98) and a 52-week high of GBX 160 ($2.09).

Nexteq Company Profile

Nexteq plc operates as a business-to-business technology design and supply chain partner to industrial equipment manufacturers North America, Europe, Asia, Australia, rest of the United Kingdom, and internationally. It operates through two divisions, Quixant and Densitron. The Quixant segment engages in the design, development, and manufacture of gaming platforms and display solutions, such as cabinets and other computer platforms, as well as software for the casino gaming and slot machine industry.