Midwich Group (LON:MIDW) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Midwich Group (LON:MIDW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Tuesday, Digital Look reports. They currently have a GBX 350 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 120.40% from the company’s current price.

Midwich Group Price Performance

Midwich Group stock opened at GBX 158.80 on Tuesday. The firm has a market cap of £163.89 million, a PE ratio of -7.24 and a beta of 0.42. The company has a debt-to-equity ratio of 132.80, a current ratio of 1.53 and a quick ratio of 0.78. The stock’s fifty day moving average price is GBX 141.78 and its two-hundred day moving average price is GBX 145.93. Midwich Group has a one year low of GBX 125.20 and a one year high of GBX 226.

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