Canaccord Genuity Group Forecasts Strong Price Appreciation for System1 Group (LON:SYS1) Stock

System1 Group (LON:SYS1) had its target price boosted by Canaccord Genuity Group from GBX 840 ($10.36) to GBX 865 ($10.67) in a note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 39.52% from the stock’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 840 ($10.36) target price on shares of System1 Group in a research note on Wednesday, December 4th.

System1 Group Price Performance

Shares of LON:SYS1 traded up GBX 30 ($0.37) during trading on Tuesday, hitting GBX 620 ($7.64). 243,268 shares of the company’s stock were exchanged, compared to its average volume of 44,762. The business’s 50-day simple moving average is GBX 618.87 and its 200 day simple moving average is GBX 671.92. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.03 and a quick ratio of 1.90. System1 Group has a 52-week low of GBX 280 ($3.45) and a 52-week high of GBX 809 ($9.98). The company has a market cap of £78.68 million, a price-to-earnings ratio of 3,875.00 and a beta of 1.46.

Insiders Place Their Bets

In other news, insider Rupert Howell bought 1,000 shares of the stock in a transaction dated Friday, October 25th. The stock was purchased at an average cost of GBX 603 ($7.44) per share, for a total transaction of £6,030 ($7,435.27). Corporate insiders own 37.47% of the company’s stock.

System1 Group Company Profile

System1 is The Creative Effectiveness Platform that quickly harnesses the power of emotion to drive profitable growth for the world’s leading brands.

Our Test Your Ad (TYA) and Test Your Innovation (TYI) solutions quickly predict the short- and long-term commercial potential of ads and ideas, giving marketers confidence that their creative concepts will delight consumers and drive profitable growth.

Complementing TYA and TYI is Test Your Brand (TYB), which measures the impact of ads and ideas on brand health.

System1 also offer Expert Guidance to help improve the effectiveness of your ads and ideas.