Today: Zegona Communications PLC (ZEG) Receives “Outperform” Rating from Macquarie

Today: Zegona Communications PLC (ZEG) Receives “Outperform” Rating from Macquarie

Zegona Communications PLC (LON:ZEG)‘s stock had its “outperform” rating reaffirmed by equities researchers at Macquarie in a note issued to investors on Monday. They currently have a GBX 150 ($1.87) price objective on the stock. Macquarie’s price target would indicate a potential upside of 18.11% from the company’s previous close.

Shares of Zegona Communications PLC (LON:ZEG) opened at 127.00 on Monday. The stock’s 50 day moving average is GBX 121.74 and its 200 day moving average is GBX 117.25. The firm’s market cap is GBX 248.98 million. Zegona Communications PLC has a 12 month low of GBX 98.50 and a 12 month high of GBX 139.25.

In other news, insider O?Hare,Eamonn bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was bought at an average price of GBX 105 ($1.31) per share, for a total transaction of £105,000 ($131,184.41). Also, insider Kalika,Howard bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was purchased at an average price of GBX 103 ($1.29) per share, with a total value of £15,450 ($19,302.85).

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