Beeks Financial Cloud Group PLC 46.9% potential upside indicated by Canaccord Genuity

Beeks Financial Cloud Group PLC with ticker (LON:BKS) now has a potential upside of 46.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 260 GBX for the company, which when compared to the Beeks Financial Cloud Group PLC share price of 177 GBX at opening today (22/03/2024) indicates a potential upside of 46.9%. Trading has ranged between 81 (52 week low) and 182 (52 week high) with an average of 162,041 shares exchanging hands daily. The market capitalisation at the time of writing is £115,930,004.

Beeks Financial Cloud Group PLC is a United Kingdom-based cloud computing, connectivity and analytics provider for financial services. The Company’s cloud-based infrastructure-as-a-service (IaaS) model allows financial organizations the flexibility to deploy and connect to a variety of exchanges, trading venues and cloud service providers. Its segments include Public/Private Cloud and Proximity/Exchange Cloud. Its Private Cloud solutions allows to build bespoke security into cloud set-up as well as performance. Using dedicated hardware, Private Cloud architecture mitigates the security and performance risk of using shared resources. Proximity Cloud is a fully configured, pre-installed physical capital markets environment that is optimized for low latency to ultra-low latency trading conditions. Exchange Cloud is a multi-homed, fully configured and pre-installed physical trading environment, optimized for exchanges to offer private cloud solutions as a service to their own customers.