CentralNic Group (LON:CNIC) Receives “Buy” Rating from Berenberg Bank

CentralNic Group (LON:CNIC – Get Rating)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 250 ($3.05) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 90.84% from the stock’s current price.

CentralNic Group Stock Performance

Shares of LON CNIC opened at GBX 131 ($1.60) on Wednesday. The business’s 50-day moving average price is GBX 140.75 and its two-hundred day moving average price is GBX 132.43. The company has a debt-to-equity ratio of 93.87, a current ratio of 0.97 and a quick ratio of 0.57. CentralNic Group has a one year low of GBX 106.50 ($1.30) and a one year high of GBX 160 ($1.95). The company has a market capitalization of £374.78 million, a P/E ratio of -13,100.00 and a beta of 0.40.

Insider Buying and Selling at CentralNic Group

In other news, insider Max Royde bought 12,000 shares of the stock in a transaction on Friday, March 10th. The shares were purchased at an average price of GBX 135 ($1.65) per share, for a total transaction of £16,200 ($19,744.06). In related news, insider Max Royde purchased 12,000 shares of CentralNic Group stock in a transaction on Friday, March 10th. The stock was bought at an average price of GBX 135 ($1.65) per share, with a total value of £16,200 ($19,744.06). Also, insider Iain McDonald sold 260,038 shares of the business’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of GBX 152 ($1.85), for a total value of £395,257.76 ($481,727.92). Insiders have bought 134,210 shares of company stock worth $19,301,839 over the last 90 days. 25.67% of the stock is currently owned by corporate insiders.

About CentralNic Group

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CentralNic Group Plc provides domain name services worldwide. It operates through Online Presence and Online Marketing segments. The company's Online Presence segment provides tools for businesses to go online, such as reseller, registry operator, registry service provider, retail, and computer software channels, as well as strategic consultancy and related services.