Midwich Group (LON:MIDW) Earns Buy Rating from Berenberg Bank

Midwich Group (LON:MIDW)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 350 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 116.85% from the stock’s previous close.

Midwich Group Stock Up 6.9%

LON MIDW traded up GBX 10.40 on Tuesday, reaching GBX 161.40. The company had a trading volume of 178,053 shares, compared to its average volume of 322,886. 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 company’s fifty day moving average is GBX 142.33 and its 200 day moving average is GBX 146.04. Midwich Group has a 52-week low of GBX 125.20 and a 52-week high of GBX 226. The stock has a market capitalization of £166.58 million, a P/E ratio of -7.36 and a beta of 0.42.

Midwich Group (LON:MIDW) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 3.46 earnings per share (EPS) for the quarter. Midwich Group had a negative net margin of 1.26% and a negative return on equity of 10.30%. Sell-side analysts anticipate that Midwich Group will post 36.9099991 earnings per share 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.