Falanx Group Ltd (FLX) Coverage Initiated at Beaufort Securities

Equities research analysts at Beaufort Securities started coverage on shares of Falanx Group Ltd (LON:FLX) in a note issued to investors on Friday. The brokerage set a “speculative buy” rating and a GBX 12 ($0.16) price target on the stock. Beaufort Securities’ price objective would suggest a potential upside of 57.38% from the stock’s previous close.

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In other Falanx Group news, insider Mike Read bought 250,000 shares of Falanx Group stock in a transaction dated Thursday, July 20th. The stock was bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £15,000 ($19,721.27).

Falanx Group Company Profile

Falanx Group Limited provides cyber defense and intelligence services. The Company’s segments include Intelligence, Resilience, Cyber and Other. Its business divisions include Falanx Cyber Defence and Falanx Intelligence. The Falanx Cyber Defence division provides cloud-based cyber defense services to government and commercial organizations.

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