Made Tech Group (LON:MTEC) Price Target Raised to GBX 70

Made Tech Group (LON:MTEC) had its target price increased by Canaccord Genuity Group from GBX 60 to GBX 70 in a research report report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Made Tech Group Trading Down 0.5%

LON:MTEC opened at GBX 48 on Tuesday. The company’s 50 day moving average price is GBX 42.89 and its 200-day moving average price is GBX 39.65. Made Tech Group has a 52 week low of GBX 26 and a 52 week high of GBX 54. The company has a quick ratio of 2.95, a current ratio of 3.82 and a debt-to-equity ratio of 4.38. The stock has a market cap of £71.66 million, a price-to-earnings ratio of 41.38 and a beta of 1.06.

Made Tech Group (LON:MTEC) last announced its quarterly earnings results on Tuesday, September 29th. The company reported GBX 2.38 earnings per share for the quarter. Made Tech Group had a net margin of 5.81% and a return on equity of 20.21%. On average, equities research analysts forecast that Made Tech Group will post 2.6199998 earnings per share for the current fiscal year.

About Made Tech Group

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform. It serves central and local government, housing, health and care, transport, and education; police, justice, and emergency; and space, defense, and security sectors.