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 note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 350 price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 116.85% from the stock’s previous close.

Midwich Group Price Performance

Shares of LON:MIDW traded up GBX 10.40 during trading on Tuesday, reaching GBX 161.40. 178,053 shares of the company’s stock traded hands, compared to its average volume of 322,886. Midwich Group has a fifty-two week low of GBX 125.20 and a fifty-two week high of GBX 226. The company has a quick ratio of 0.78, a current ratio of 1.53 and a debt-to-equity ratio of 132.80. The firm has a market cap of £166.58 million, a PE ratio of -7.36 and a beta of 0.42. The company has a 50-day simple moving average of GBX 142.33 and a 200-day simple moving average of GBX 146.04.

Midwich Group (LON:MIDW) last released its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 3.46 earnings per share 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, analysts predict that Midwich Group will post 36.9099991 earnings per share 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.