Canaccord Genuity Group Issues Pessimistic Forecast for Duke Capital (LON:DUKE) Stock Price

Duke Capital (LON:DUKE) had its price objective cut by equities researchers at Canaccord Genuity Group from GBX 52 ($0.66) to GBX 46 ($0.58) in a research note issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 53.33% from the company’s previous close.

Separately, Canaccord Genuity Group cut their price target on shares of Duke Capital from GBX 52 ($0.66) to GBX 46 ($0.58) and set a “buy” rating on the stock in a research note on Monday.

Duke Capital Price Performance

Shares of DUKE stock remained flat at GBX 30 ($0.38) during trading hours on Monday. 247,560 shares of the stock traded hands, compared to its average volume of 814,818. The company has a quick ratio of 15.36, a current ratio of 29.50 and a debt-to-equity ratio of 42.60. The firm has a market capitalization of £125.02 million, a PE ratio of 1,000.00 and a beta of 1.37. The business’s fifty day moving average is GBX 30.43 and its two-hundred day moving average is GBX 31.87. Duke Capital has a 52-week low of GBX 26.95 ($0.34) and a 52-week high of GBX 35 ($0.44).

About Duke Capital

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.