Premier Miton Group (LON:PMI) Trading 0.7% Higher – Here’s Why

Shares of Premier Miton Group plc (LON:PMI) traded up 0.7% during mid-day trading on Thursday . The company traded as high as GBX 39 and last traded at GBX 38.25. 1,154,674 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 743,517 shares. The stock had previously closed at GBX 38.

Analyst Ratings Changes

Separately, Shore Capital Group downgraded Premier Miton Group to a “buy” rating and set a GBX 58 price target for the company. in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Premier Miton Group has an average rating of “Buy” and an average price target of GBX 58.

Premier Miton Group Stock Performance

The company has a market capitalization of £60.28 million, a PE ratio of 50.33 and a beta of 0.72. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.21 and a current ratio of 242.13. The stock’s fifty day simple moving average is GBX 37.87 and its 200-day simple moving average is GBX 44.43.

Premier Miton Group (LON:PMI) last released its quarterly earnings results on Thursday, June 4th. The company reported GBX 1.54 earnings per share (EPS) for the quarter. The company had revenue of GBX 2,692 million for the quarter. Premier Miton Group had a net margin of 0.16% and a return on equity of 0.09%. As a group, equities analysts predict that Premier Miton Group plc will post 7.1593533 earnings per share for the current year.

Insider Activity at Premier Miton Group

In other news, insider Michael Patrick O’Shea bought 4,463 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average price of GBX 40 per share, for a total transaction of £1,785.20. Also, insider Piers Godfrey Harrison bought 4,463 shares of the stock in a transaction on Friday, April 24th. The stock was purchased at an average cost of GBX 40 per share, with a total value of £1,785.20. Corporate insiders own 10.80% of the company’s stock.

About Premier Miton Group

Premier Miton Group plc is a publicly owned investment manager. The firm invests in public equity and fixed income markets across the globe. Premier Miton Group plc was formerly known as Premier Asset Management Group Plc. Premier Miton Group plc was founded in November 2019 and is based in Surrey, United Kingdom.