Beaufort Securities Trims Falanx Group (FLX) Target Price to GBX 10

Falanx Group (LON:FLX) had its target price lowered by analysts at Beaufort Securities from GBX 12 ($0.16) to GBX 10 ($0.13) in a research note issued on Thursday. The brokerage currently has a “speculative buy” rating on the stock. Beaufort Securities’ price target would suggest a potential upside of 110.53% from the stock’s current price.

Falanx Group (FLX) opened at GBX 4.75 ($0.06) on Thursday. Falanx Group has a one year low of GBX 0.05 ($0.00) and a one year high of GBX 10 ($0.13).

In other news, insider Mike Read acquired 350,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of GBX 5 ($0.07) per share, with a total value of £17,500 ($23,553.16).

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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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