Blancco Technology Group (LON:BLTG) Price Target Raised to GBX 173

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Blancco Technology Group (LON:BLTG) had its price target hoisted by Peel Hunt from GBX 154 ($2.01) to GBX 173 ($2.26) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a buy rating on the stock.

BLTG opened at GBX 132 ($1.72) on Thursday. The stock has a fifty day moving average price of GBX 138.94. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 12.97. The firm has a market capitalization of $86.06 million and a price-to-earnings ratio of 37.71. Blancco Technology Group has a twelve month low of GBX 75 ($0.98) and a twelve month high of GBX 157 ($2.05).

In other news, insider Frank Blin bought 10,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were bought at an average cost of GBX 150 ($1.96) per share, for a total transaction of £15,000 ($19,600.16).

About Blancco Technology Group

Blancco Technology Group plc, together with its subsidiaries, provides mobile device diagnostics and data erasure services in the United States, the United Kingdom, the Asia Pacific, and internationally. It offers Blancco Drive Eraser, which erases sensitive data from HDDs and complex SSDs in PC desktop computers, laptops, and servers; Blancco Mobile Solutions, a mobile diagnostics testing and erasure solution; and Blancco File Eraser, which erases sensitive files and folders from PC desktop computers, laptops, and servers.

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