The Mission Group (LON:TMG) Trading 16.7% Higher – Here’s Why

Shares of The Mission Group plc (LON:TMGGet Free Report) shot up 16.7% during mid-day trading on Friday . The company traded as high as GBX 21 and last traded at GBX 21. 643,389 shares were traded during mid-day trading, an increase of 390% from the average daily volume of 131,363 shares. The stock had previously closed at GBX 18.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 55 price target on shares of The Mission Group in a research note on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 55.

Get Our Latest Report on The Mission Group

The Mission Group Stock Up 16.7%

The company has a market capitalization of £19.03 million, a price-to-earnings ratio of -0.99 and a beta of 2.04. The business’s 50-day moving average is GBX 17.68 and its 200-day moving average is GBX 16.86. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of 50.66.

Insider Transactions at The Mission Group

In related news, insider Jon Kempster purchased 68,852 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of GBX 15 per share, with a total value of £10,327.80. Also, insider Claudine Collins acquired 51,546 shares of the stock in a transaction on Thursday, July 23rd. The stock was bought at an average price of GBX 19 per share, for a total transaction of £9,793.74. 23.12% of the stock is owned by corporate insiders.

The Mission Group Company Profile

(Get Free Report)

MISSION is a collective of Creative and MarTech Agencies led by entrepreneurs who encourage an independent spirit. Employing 1,000 people across 28 locations and 3 continents, the Group successfully combines its diverse expertise to produce Work That Counts TM for our Clients, whatever their ambitions. Creating real standout, sharing real innovation and delivering real growth for some of the world’s biggest brands.

www.themission.co.uk

Why invest in MISSION?

With a robust business model, a strong track record and a far-reaching programme of growth, there are many good reasons to invest in MISSION.

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