Canaccord Genuity Group Issues Pessimistic Forecast for Aurrigo International (LON:AURR) Stock Price

Aurrigo International (LON:AURR) had its price target reduced by research analysts at Canaccord Genuity Group from GBX 165 ($2.06) to GBX 135 ($1.69) in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 193.48% from the stock’s current price.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 165 ($2.06) price target on shares of Aurrigo International in a report on Thursday, September 26th.

Aurrigo International Stock Performance

Shares of LON:AURR traded up GBX 1.50 ($0.02) during trading on Tuesday, reaching GBX 46 ($0.58). 5,408 shares of the company’s stock traded hands, compared to its average volume of 19,420. The company has a debt-to-equity ratio of 6.87, a current ratio of 2.43 and a quick ratio of 2.49. The company has a 50 day moving average of GBX 52.71 and a 200-day moving average of GBX 69.45. Aurrigo International has a 12 month low of GBX 41.50 ($0.52) and a 12 month high of GBX 110 ($1.38). The stock has a market capitalization of £21.09 million, a P/E ratio of -511.11 and a beta of -1.03.

Aurrigo International Company Profile

Aurrigo International plc designs, engineers, manufactures, and supplies OEM products and autonomous vehicles to the automotive, aviation, and transport industries in the United Kingdom and internationally. It offers various range of components and systems, including electronic control units, wiring harness systems, interior and exterior parts, and safety critical systems.