Ideagen (LON:IDEA) Price Target Raised to GBX 180 at Canaccord Genuity

Ideagen (LON:IDEA) had its price target lifted by Canaccord Genuity from GBX 170 ($2.22) to GBX 180 ($2.35) in a report released on Wednesday, Digital Look reports. Canaccord Genuity currently has a buy rating on the stock.

Separately, FinnCap restated a corporate rating on shares of Ideagen in a research report on Wednesday.

Shares of IDEA opened at GBX 145.50 ($1.90) on Wednesday. Ideagen has a 1 year low of GBX 41 ($0.54) and a 1 year high of GBX 175 ($2.29). The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 10.12. The business’s 50-day moving average is GBX 146.16.

The business also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, November 7th will be given a dividend of GBX 0.19 ($0.00) per share. This represents a dividend yield of 0.13%. This is an increase from Ideagen’s previous dividend of $0.09. The ex-dividend date is Thursday, November 7th.

About Ideagen

Ideagen plc develops and supplies information management software in the United Kingdom, the United States, Bulgaria, Malaysia, and the Middle East. Its governance, risk and compliance (GRC) management solutions comprise Q-Pulse QMS, an electronic quality management system; Q-Pulse PM, a product management software; Pentana Audit, an audit automation application; Pentana Disclose, a financial disclosure checklist software; Pentana Performance, a cloud-based performance and risk management software; Coruson, an enterprise cloud safety management software; and PleaseReview, a document review, co-authoring, and redaction software.

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