Celebrus Technologies (LON:CLBS) Reaches New 1-Year High – What’s Next?

Shares of Celebrus Technologies plc (LON:CLBS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 316 ($3.98) and last traded at GBX 316 ($3.98), with a volume of 32824 shares traded. The stock had previously closed at GBX 300 ($3.78).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 330 ($4.16) target price on shares of Celebrus Technologies in a research note on Friday, October 25th.

Celebrus Technologies Stock Up 5.3 %

The stock has a 50-day moving average of GBX 284.28 and a 200 day moving average of GBX 249.17. The company has a market capitalization of £124.63 million, a PE ratio of 3,000.00 and a beta of 1.34.

Insider Activity

In related news, insider Ashoni (Ash) Kumar Mehta sold 34,383 shares of Celebrus Technologies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of GBX 275 ($3.47), for a total value of £94,553.25 ($119,159.74). Insiders own 15.45% of the company’s stock.

About Celebrus Technologies

Celebrus Technologies plc, together with its subsidiaries, provides information technology products and services. It offers Celebrus, a suite of data-driven solutions for data capture, fraud and scams, and data management solutions. The company provides services that are focused on delivering data management solutions using public and private cloud infrastructure; and fraud detection and prevention services through fraud data platform.