The Mission Group (LON:TMG) Shares Up 2.8% – Time to Buy?

Shares of The Mission Group plc (LON:TMG) traded up 2.8% during trading on Thursday . The company traded as high as GBX 18.50 and last traded at GBX 18.50. 12,500 shares traded hands during trading, a decline of 90% from the average session volume of 125,223 shares. The stock had previously closed at GBX 18.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 55 price target on shares of The Mission Group in a report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 55.

The Mission Group Price Performance

The firm has a market cap of £18.12 million, a price-to-earnings ratio of -7.14 and a beta of 1.48. The company has a current ratio of 1.06, a quick ratio of 1.12 and a debt-to-equity ratio of 25.92. The stock’s fifty day moving average price is GBX 20.30 and its 200-day moving average price is GBX 23.29.

The Mission Group (LON:TMG) last issued its quarterly earnings data on Tuesday, September 23rd. The company reported GBX (0.10) earnings per share for the quarter. The Mission Group had a negative return on equity of 15.85% and a negative net margin of 6.14%. As a group, equities research analysts forecast that The Mission Group plc will post 6.5925926 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John Carey acquired 25,000 shares of The Mission Group stock in a transaction that occurred on Thursday, October 9th. The shares were purchased at an average cost of GBX 24 per share, for a total transaction of £6,000. Insiders own 22.54% of the company’s stock.

The Mission Group Company Profile

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.