Premier Miton Group (LON:PMI) Shares Up 2.1% – Here’s Why

Premier Miton Group plc (LON:PMI)’s share price traded up 2.1% during mid-day trading on Monday . The stock traded as high as GBX 38 and last traded at GBX 37.25. 392,442 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 685,061 shares. The stock had previously closed at GBX 36.50.

Wall Street Analyst Weigh In

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

Premier Miton Group Price Performance

The company has a current ratio of 242.13, a quick ratio of 1.21 and a debt-to-equity ratio of 1.47. The firm has a market cap of £59.22 million, a price-to-earnings ratio of 620.83 and a beta of 0.51. The stock has a 50-day moving average of GBX 37.98 and a two-hundred day moving average of GBX 42.16.

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

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.