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

Falanx Group (LON:FLX) had its target price reduced by Beaufort Securities from GBX 12 ($0.16) to GBX 10 ($0.13) in a research report released on Thursday morning. They currently have a speculative buy rating on the stock.

Falanx Group (LON FLX) opened at GBX 5 ($0.07) on Thursday. The firm has a market cap of $8.96 and a PE ratio of -500.00. Falanx Group has a fifty-two week low of GBX 0.05 ($0.00) and a fifty-two week high of GBX 10 ($0.13).

In related news, insider Mike Read purchased 350,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought 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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About Falanx Group

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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