SafeCharge International Group (SCH) Upgraded by Barclays to “Overweight”

SafeCharge International Group (LON:SCH) was upgraded by analysts at Barclays to an “overweight” rating in a report issued on Friday, September 14th. The brokerage currently has a GBX 420 ($5.47) target price on the stock, up from their previous target price of GBX 335 ($4.36). Barclays’ price objective would indicate a potential upside of 31.87% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Bryan, Garnier & Co lifted their target price on shares of SafeCharge International Group from GBX 354 ($4.61) to GBX 380 ($4.95) and gave the company a “buy” rating in a research report on Thursday, September 13th. Jefferies Financial Group initiated coverage on shares of SafeCharge International Group in a report on Monday, June 18th. They issued a “buy” rating and a GBX 450 ($5.86) price objective for the company. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of GBX 396 ($5.16).

SafeCharge International Group stock remained flat at $GBX 318.50 ($4.15) during mid-day trading on Friday. 14,416 shares of the company’s stock traded hands, compared to its average volume of 79,702. SafeCharge International Group has a twelve month low of GBX 212.75 ($2.77) and a twelve month high of GBX 318 ($4.14).

In related news, insider David Avgi sold 3,995,185 shares of the company’s stock in a transaction on Wednesday, September 26th. The shares were sold at an average price of GBX 325 ($4.23), for a total transaction of £12,984,351.25 ($16,913,314.12).

About SafeCharge International Group

SafeCharge International Group Limited (AIM: SCH) is the payment service partner for the world’s most demanding businesses. SafeCharge provides global omni-channel payments services from card acquiring and issuing to payment processing and checkout, all underpinned by advanced risk management solutions.

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Analyst Recommendations for SafeCharge International Group (LON:SCH)

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