Midwich Group (LON:MIDW) Stock Keeps Buy Rating at Berenberg Bank

Midwich Group (LON:MIDW)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Tuesday, Digital Look reports. They currently have a GBX 350 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 130.26% from the stock’s previous close.

Midwich Group Price Performance

Shares of LON MIDW opened at GBX 152 on Tuesday. The firm has a market capitalization of £156.88 million, a P/E ratio of -6.93 and a beta of 0.42. The firm’s 50-day moving average price is GBX 141.78 and its 200-day moving average price is GBX 145.93. The company has a current ratio of 1.53, a quick ratio of 0.78 and a debt-to-equity ratio of 132.80. Midwich Group has a 1-year low of GBX 125.20 and a 1-year high of GBX 226.

Midwich Group (LON:MIDW) last issued its earnings results on Tuesday, September 22nd. The company reported GBX 3.46 EPS for the quarter. Midwich Group had a negative return on equity of 10.30% and a negative net margin of 1.26%. Equities research analysts anticipate that Midwich Group will post 36.9099991 earnings per share for the current fiscal year.

About Midwich Group

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.