Nexteq (LON:NXQ) Stock Rating Reaffirmed by Canaccord Genuity Group

Nexteq (LON:NXQ)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a report issued on Thursday, Marketbeat reports. They presently have a GBX 200 ($2.64) price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 101.63% from the company’s previous close.

Nexteq Trading Up 0.2 %

Shares of NXQ stock opened at GBX 99.19 ($1.31) on Thursday. The stock has a 50 day moving average of GBX 106.51 and a two-hundred day moving average of GBX 133.21. Nexteq has a 12 month low of GBX 74.95 ($0.99) and a 12 month high of GBX 160 ($2.11). The company has a market capitalization of £65.28 million, a P/E ratio of 826.58 and a beta of 1.27.

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.