Berenberg Bank Reiterates Buy Rating for Midwich Group (LON:MIDW)
by Danessa Lincoln · The Markets DailyMidwich Group (LON:MIDW – Get Free Report)‘s stock had its “buy” rating restated by Berenberg Bank in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 350 price target on the stock. Berenberg Bank’s target price points to a potential upside of 133.64% from the company’s previous close.
Midwich Group Trading Down 0.9%
LON MIDW opened at GBX 149.80 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.78 and a debt-to-equity ratio of 132.80. The stock has a 50-day moving average of GBX 141.40 and a 200-day moving average of GBX 146.19. The firm has a market cap of £154.61 million, a PE ratio of -6.83 and a beta of 0.42. Midwich Group has a 1-year low of GBX 125.20 and a 1-year high of GBX 226.
Midwich Group (LON:MIDW – Get Free Report) last issued 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%. As a group, sell-side analysts forecast that Midwich Group will post 36.9099991 EPS for the current year.
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.