Canaccord Genuity Group Issues Pessimistic Forecast for Duke Capital (LON:DUKE) Stock Price

Duke Capital (LON:DUKE) had its price target cut by stock analysts at Canaccord Genuity Group from GBX 52 ($0.66) to GBX 46 ($0.58) in a research note issued on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 53.33% from the company’s previous close.

Separately, Canaccord Genuity Group dropped their target price on shares of Duke Capital from GBX 52 ($0.66) to GBX 46 ($0.58) and set a “buy” rating on the stock in a report on Monday.

Duke Capital Price Performance

Duke Capital stock remained flat at GBX 30 ($0.38) during mid-day trading on Monday. 247,560 shares of the company’s stock traded hands, compared to its average volume of 814,818. The firm has a market capitalization of £125.02 million, a PE ratio of 1,000.00 and a beta of 1.37. Duke Capital has a 52-week low of GBX 26.95 ($0.34) and a 52-week high of GBX 35 ($0.44). The company has a quick ratio of 15.36, a current ratio of 29.50 and a debt-to-equity ratio of 42.60. The firm’s 50 day moving average price is GBX 30.43 and its two-hundred day moving average price is GBX 31.87.

Duke Capital Company Profile

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.