Analysts at Canaccord Genuity Group have raised their price target for Netcall (LON:NET) from GBX 130 to GBX 150, indicating a potential upside of 23.97% from its current trading price. This adjustment, communicated to investors on October 8, 2023, comes alongside a reaffirmed “buy” rating for the stock.
In a similar move, Berenberg Bank has also retained a “buy” rating for Netcall, setting a price objective of GBX 155. According to data from MarketBeat, three equity research analysts currently endorse the stock with a “buy” rating, leading to an average rating of “buy” and a consensus price target of GBX 145.
Netcall’s Current Stock Performance
On the day the new price targets were announced, Netcall shares opened at GBX 121. The company has navigated fluctuations, with a 50-day moving average of GBX 119.29 and a 200-day moving average of GBX 113.94. Over the past year, the stock has seen a low of GBX 81 and a high of GBX 128.
Netcall’s financial health is highlighted by a market capitalization of £201.79 million and a price-to-earnings ratio of 3,980.26. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.88, and a current ratio of 1.22. In its latest quarterly earnings report, Netcall disclosed an earnings per share (EPS) of GBX 3.75 and achieved a net margin of 14.99%, with a return on equity of 14.95%. Analysts expect the firm to post an EPS of approximately 3.70 for the current fiscal year.
Insider Transactions and Company Overview
In addition to the analyst actions, insider Michael Jackson sold 246,000 shares of Netcall on July 28, 2023, at an average price of GBX 120, totaling £295,200. Presently, insiders hold approximately 6.57% of the company’s stock.
Netcall is recognized as a key player in the field of Intelligent Automation and Customer Engagement software. The company aims to assist clients in expediting their digital transformation processes, thereby fostering more efficient and customer-focused organizations. Its flagship product, the Liberty Platform, integrates low-code solutions for customer engagement and contact center management, enhancing customer experiences across various sectors.
Netcall serves a diverse clientele, including two-thirds of the NHS Acute Health Trusts, as well as prominent corporations such as Legal and General, Lloyds Banking Group, Aon, and Santander. The company’s commitment to innovation and efficiency positions it favorably within the rapidly evolving technology landscape.
As the market continues to respond to these developments, investors and stakeholders will be closely monitoring Netcall’s performance and strategic initiatives in the coming months.