Beaufort securities reaffirms “speculative buy” rating for Cyan Holdings Plc (Lon: CYAN) stock

[UK] Today, Beaufort Securities reiterated their “Speculative Buy” rating on Cyan Holdings PLC (LON:CYAN)’s stock in an analyst report released.

Out of 1 analysts covering Cyan Holdings PLC (LON:CYAN), 1 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 1 is the highest target while GBX 1 is the lowest. The GBX 1 average target is 437.63% above today’s (GBX 0.186) stock price. Cyan Holdings PLC has been the topic of 15 analyst reports since September 30, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained the stock on May 4 with “Speculative Buy” rating.

About 645,892 shares traded hands. Cyan Holdings Plc (LON:CYAN) has risen 39.86% since November 10, 2015 and is uptrending. It has outperformed by 40.99% the S&P500.

Cyan Holdings PLC 2

Analysts await CYANOTECH CORP (NASDAQ:CYAN) to report earnings on July, 20.

The institutional sentiment increased to 1.5 in Q1 2016. Its up 0.83, from 0.67 in 2015Q4. The ratio increased, as 1 funds sold all Cyan Holdings Plc shares owned while 1 reduced positions. 0 funds bought stakes while 3 increased positions. They now own 1.12 million shares or 0.13% less from 1.12 million shares in 2015Q4.

Coastline Trust Co holds 0.09% of its portfolio in Cyan Holdings Plc for 82,400 shares. Salem Investment Counselors Inc owns 12,078 shares or 0.01% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 691 shares. The California-based Blackrock Institutional Trust Company N.A. has invested 0% in the stock. Blackrock Investment Management Llc, a New Jersey-based fund reported 556 shares.

Cyan Holdings plc is a United Kingdom holding company. The company has a market cap of 12.91 million GBP. The Company, through its subsidiaries, engages in the development of wireless monitoring and control products for smart metering infrastructure and intelligent lighting. It currently has negative earnings. The Company’s CyLec is an integrated solution for Automated Meter Reading and Advanced Metering Infrastructure (AMI) deployments.

According to Zacks Investment Research, “CYANOTECH CORP. develops and commercializes natural products from microalgae. Co. is currently producing microalgae products for the nutritional supplement and immunological diagnostics markets and is also developing microalgae-based products for the aquaculture feed/pigments, biopesticide and food coloring markets. Microalgae are a diverse group of over 30,000 species of microscopic plants which have a wide range of physiological and biochemical characteristics and naturally contain high levels of nutrients.”

 

View original article at: Beaufort securities reaffirms “speculative buy” rating for Cyan Holdings Plc (Lon: CYAN) stock

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