Beeks Financial Cloud Group (BKS)

Sector:

IT Services

Index:

FTSE AIM All-Share

163.30p
   
  • Change Today:
    -2.70p
  • 52 Week High: 168.00
  • 52 Week Low: 88.50
  • Currency: UK Pounds
  • Shares Issued: 65.91m
  • Volume: 74,771
  • Market Cap: £107.63m
  • RiskGrade: 140

Canaccord nudges up target price on Beeks Financial Cloud

By Iain Gilbert

Date: Monday 21 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity nudged up their target price on software and services firm Beeks Financial Cloud from 210.0p to 220.0p on Monday after the group reported interim sales that beat expectations.
Canaccord Genuity, which reiterated its 'buy' rating on the stock, said Beeks' first-half sales were stronger than it had expected, while adjusted underlying earnings were in line.

The Canadian bank stated Beeks' outlook statement was positive and that it had upgraded full-year 2022-23 sales estimates in February after its first three Prox Cloud contracts were announced.

"With the new Prox Cloud offering gaining traction, combined with the underlying increase in Private Cloud offering uptake from tier 1 clients, we feel confident that sales growth can exceed 35% FY21/24 and margins increase from FY22est by c100bps pa in FY23 and again in FY24," said Canaccord. "We further increase our sales forecasts for FY22/23 with no change to adj EBIT and introduce FY24."

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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 163.30p
Change Today -2.70p
% Change -1.62 %
52 Week High 168.00
52 Week Low 88.50
Volume 74,771
Shares Issued 65.91m
Market Cap £107.63m
RiskGrade 140

BKS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.56% below the market average78.56% below the market average78.56% below the market average78.56% below the market average78.56% below the market average
19.51% below the sector average19.51% below the sector average19.51% below the sector average19.51% below the sector average19.51% below the sector average
Price Trend
83.87% above the market average83.87% above the market average83.87% above the market average83.87% above the market average83.87% above the market average
72.04% above the sector average72.04% above the sector average72.04% above the sector average72.04% above the sector average72.04% above the sector average
Income Not Available
Growth
50.07% below the market average50.07% below the market average50.07% below the market average50.07% below the market average50.07% below the market average
58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below 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 27-Feb-2024

Time Volume / Share Price
12:05 601 @ 166.25p
11:34 11 @ 166.70p
11:18 1,612 @ 166.25p
08:55 16,666 @ 165.00p
08:48 42,104 @ 165.00p

BKS Key Personnel

CFO Fraser McDonald

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