Canaccord Genuity Group Reaffirms Buy Rating for IDOX (LON:IDOX)

Canaccord Genuity Group reissued their buy rating on shares of IDOX (LON:IDOX - Free Report) in a research note issued to investors on Friday morning, MarketBeat.com reports. The brokerage currently has a GBX 90 ($1.17) target price on the stock.

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 81 ($1.05) price target on shares of IDOX in a report on Tuesday, January 28th.

IDOX Trading Up 0.2 %

LON:IDOX traded up GBX 0.15 ($0.00) during mid-day trading on Friday, hitting GBX 59.55 ($0.77). The company had a trading volume of 1,736,933 shares, compared to its average volume of 829,229. IDOX has a fifty-two week low of GBX 53.31 ($0.69) and a fifty-two week high of GBX 69 ($0.90). The business's fifty day moving average is GBX 60.32 and its two-hundred day moving average is GBX 60.97. The company has a debt-to-equity ratio of 30.03, a quick ratio of 1.00 and a current ratio of 0.70. The firm has a market cap of £272.30 million, a P/E ratio of 49.14, a P/E/G ratio of 3.15 and a beta of 0.38.

IDOX (LON:IDOX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported GBX 2.63 ($0.03) earnings per share for the quarter. IDOX had a return on equity of 7.18% and a net margin of 6.82%. As a group, research analysts expect that IDOX will post 2.7173913 earnings per share for the current year.

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IDOX Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be issued a GBX 0.70 ($0.01) dividend. This is an increase from IDOX's previous dividend of $0.60. This represents a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, April 3rd. IDOX's dividend payout ratio is 82.53%.

IDOX Company Profile

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.