Midwich Group’s (MIDW) “Buy” Rating Reiterated at Berenberg Bank

Midwich Group (LON:MIDW)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 350 price target on the stock. Berenberg Bank’s price target points to a potential upside of 116.85% from the stock’s previous close.

Midwich Group Price Performance

LON MIDW traded up GBX 10.40 during trading on Tuesday, hitting GBX 161.40. 178,053 shares of the company’s stock were exchanged, compared to its average volume of 322,886. The company has a market cap of £166.58 million, a PE ratio of -7.36 and a beta of 0.42. 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 fifty-two week low of GBX 125.20 and a fifty-two week high of GBX 226. The stock’s 50 day moving average price is GBX 142.33 and its two-hundred day moving average price is GBX 146.04.

Midwich Group (LON:MIDW) last posted 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 net margin of 1.26% and a negative return on equity of 10.30%. Research analysts expect that Midwich Group will post 36.9099991 EPS 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.