Midwich Group (LON:MIDW) Given “Buy” Rating at Berenberg Bank

Midwich Group (LON:MIDW)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research note issued to investors on Tuesday, September 22nd, Digital Look reports. They currently have a GBX 350 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 98.19% from the stock’s previous close.

Midwich Group Stock Performance

LON MIDW traded up GBX 5.20 during trading hours on Tuesday, reaching GBX 176.60. The stock had a trading volume of 16,456 shares, compared to its average volume of 320,537. The stock has a fifty day moving average of GBX 143.19 and a 200 day moving average of GBX 145.70. The stock has a market cap of £182.27 million, a P/E ratio of -8.06 and a beta of 0.42. Midwich Group has a 52-week low of GBX 125.20 and a 52-week high of GBX 226. The company has a debt-to-equity ratio of 132.80, a quick ratio of 0.78 and a current ratio of 1.53.

Midwich Group (LON:MIDW) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 3.46 EPS for the quarter. Midwich Group had a negative net margin of 1.26% and a negative return on equity of 10.30%. Sell-side analysts predict that Midwich Group will post 36.9099991 earnings per share for the current year.

Insider Transactions at Midwich Group

In other Midwich Group news, insider Adam Councell bought 74,586 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The stock was bought at an average cost of GBX 167 per share, for a total transaction of £124,558.62. 20.34% of the stock is owned by corporate insiders.

Midwich Group Company Profile

Bringing people together.

Midwich Group specialises in technology solutions that bring people together, to make society more efficient, more impactful and more exciting. Operating in 22 countries, the Group helps people connect and communicate, whether in state-of-the-art meeting rooms or on a festival main stage, audiovisual technology is all around, helping the world connect, communicate and experience wow moments.

Taking technology further.

The Group’s services range from product distribution to complex system design, focused marketing campaigns to flexible financing solutions, and showcase events to seed funding for startups.