Beeks Financial Cloud Group (BKS)

Sector:

IT Services

Index:

FTSE AIM All-Share

156.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 201.00
  • 52 Week Low: 88.50
  • Currency: UK Pounds
  • Shares Issued: 56.32m
  • Volume: 14,960
  • Market Cap: £88.13m
  • RiskGrade: 140
  • Beta: 0.51

Canaccord Genuity raises target price on Beeks Financial Cloud

By Iain Gilbert

Date: Sunday 24 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity raised their target price on software and services firm Beeks Financial Cloud from 150.0p to 190.0p on Monday, stating full-year profits were on the horizon.
Canaccord said full-year sales at Beeks were £11.6m, slightly below consensus estimates of £12.1m, but noted that adjusted underlying earnings were £4.1m, was ahead of the £3.9m anticipated by analysts.

"Our forecasts were put in place over 12 months ago and therefore prior to the latest series of lockdowns in H2 FY21. Therefore, we believe that this is a very creditable performance," said Canaccord.

The Canadian bank said looking ahead to the 2022 trading year and following Beeks' July/August trading statement, it had opted to upgrade its sales estimates by 8% and adjusted underlying earnings forecasts by 4%.

"These new forecasts still assume immaterial Cloud Proximity revenue, even although the first contract for this (worth $1.0m) was received in September. We allow for margin compression in FY22E as depreciation, R&D amortisation and headcount costs should increase ahead of sales all to support the forecast organic sales growth now at over 40% in FY22E. We expect margins to increase in FY23E as investment slows relative to sales growth," said Canaccord, which also reiterated its 'buy' rating on the stock.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BKS Market Data

Currency UK Pounds
Share Price 156.50p
Change Today -3.50p
% Change -2.19 %
52 Week High 201.00
52 Week Low 88.50
Volume 14,960
Shares Issued 56.32m
Market Cap £88.13m
Beta 0.51
RiskGrade 140

BKS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.08% below the market average97.08% below the market average97.08% below the market average97.08% below the market average97.08% below the market average
91.01% below the sector average91.01% below the sector average91.01% below the sector average91.01% below the sector average91.01% below the sector average
Price Trend
92.25% above the market average92.25% above the market average92.25% above the market average92.25% above the market average92.25% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Income Not Available
Growth
86.52% above the market average86.52% above the market average86.52% above the market average86.52% above the market average86.52% above the market average
89.58% above the sector average89.58% above the sector average89.58% above the sector average89.58% above the sector average89.58% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BKS Dividends

  Latest Previous
  Interim Final
Ex-Div 18-Mar-21 01-Oct-20
Paid 01-Apr-21 27-Nov-20
Amount 0.20p 0.15p

Trades for 01-Dec-2021

Time Volume / Share Price
11:21 2,500 @ 156.90p
11:21 2,500 @ 156.90p
11:19 300 @ 156.90p
11:13 955 @ 157.00p
11:12 1,000 @ 152.00p

BKS Key Personnel

CFO Fraser McDonald

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