IDOX (LON:IDOX) Research Coverage Started at Berenberg Bank

Equities researchers at Berenberg Bank initiated coverage on shares of IDOX (LON:IDOX) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a GBX 81 ($1.04) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 31.49% from the company’s current price.

IDOX Stock Performance

Shares of LON IDOX opened at GBX 61.60 ($0.79) on Thursday. The company has a quick ratio of 1.00, a current ratio of 0.95 and a debt-to-equity ratio of 41.86. The business’s 50 day moving average is GBX 63.75 and its two-hundred day moving average is GBX 64.04. The company has a market cap of £283.37 million, a P/E ratio of 6,160.00, a P/E/G ratio of 3.15 and a beta of 0.38. IDOX has a 12 month low of GBX 59 ($0.76) and a 12 month high of GBX 70 ($0.90).

IDOX Company Profile

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.