Celebrus Technologies (CLBS)

Sector:

IT Services

Index:

FTSE AIM All-Share

187.50p
   
  • Change Today:
    -4.50p
  • 52 Week High: 316.00
  • 52 Week Low: 185.50
  • Currency: UK Pounds
  • Shares Issued: 39.44m
  • Volume: 130,193
  • Market Cap: £73.95m

Canaccord Genuity reiterates 'buy' rating on Celebrus

By Iain Gilbert

Date: Monday 27 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' rating and 330.0p target price on software and services firm Celebrus Technologies on Monday, stating the firm's interim results had provided "additional colour" with some "encouraging takeaways" for investors.
Canaccord Genuity said Celebrus' October update already suggested "a more balanced" revenue weighting this year, with the successful conversion of larger deals driving 60% year-on-year sales growth to £13.0m and a small H1 pre-tax profit.

The Canadian bank said the £13.0m in sales delivered in 1H made up roughly 40% of its full-year forecasts, which was "well ahead" of the 30% historic average. With the small pre-tax profits generated in the half also being above the typical "modest loss" in the period, the analysts noted that these results "somewhat de-risk" the back-half weighted H2 seasonality this year.

"We leave our forecasts unchanged which continue to expect operating leverage to drive 100-200bps annual adj. EBIT margin expansion from here, leading to an expected "sector top quartile" 24% FY23-26E EPS CAGR. The shares' current 14.7x cal. 2024E P/E and 1.6x EV/Sales multiples in our view significantly undervalue this 'best of breed' first-party customer data collection & integration platform with a blue chip customer base," said Canaccord.











Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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

 

CLBS Market Data

Currency UK Pounds
Share Price 187.50p
Change Today -4.50p
% Change -2.34 %
52 Week High 316.00
52 Week Low 185.50
Volume 130,193
Shares Issued 39.44m
Market Cap £73.95m

CLBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.53% below the market average73.53% below the market average73.53% below the market average73.53% below the market average73.53% below the market average
30.86% below the sector average30.86% below the sector average30.86% below the sector average30.86% below the sector average30.86% below the sector average
Price Trend
30.4% below the market average30.4% below the market average30.4% below the market average30.4% below the market average30.4% below the market average
22.35% below the sector average22.35% below the sector average22.35% below the sector average22.35% below the sector average22.35% below the sector average
Income
10.81% above the market average10.81% above the market average10.81% above the market average10.81% above the market average10.81% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average
Growth
85.55% above the market average85.55% above the market average85.55% above the market average85.55% above the market average85.55% above the market average
87.34% above the sector average87.34% above the sector average87.34% above the sector average87.34% above the sector average87.34% above the sector average

CLBS Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Dec-24 18-Jul-24
Paid 17-Jan-25 16-Aug-24
Amount 0.95p 2.23p

Trades for 04-Apr-2025

Time Volume / Share Price
15:27 50,059 @ 188.46p
16:43 5,000 @ 190.00p
16:08 5,200 @ 186.60p
16:08 5,200 @ 186.00p
15:32 800 @ 185.50p

CLBS Key Personnel

CEO Bill Bruno
CFO Ashoni (Ash) Kumar Mehta

Top of Page