Canaccord Genuity Group Forecasts Strong Price Appreciation for Made Tech Group (LON:MTEC) Stock

Made Tech Group (LON:MTEC) had its price target upped by stock analysts at Canaccord Genuity Group from GBX 60 to GBX 70 in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 45.83% from the company’s previous close.

Made Tech Group Stock Performance

Shares of Made Tech Group stock opened at GBX 48 on Tuesday. The firm has a market cap of £71.66 million, a PE ratio of 41.38 and a beta of 1.06. The company has a quick ratio of 2.95, a current ratio of 3.06 and a debt-to-equity ratio of 8.21. Made Tech Group has a 52 week low of GBX 26 and a 52 week high of GBX 54. The business’s fifty day simple moving average is GBX 42.64 and its 200-day simple moving average is GBX 39.57.

Made Tech Group (LON:MTEC) last issued its quarterly earnings data on Tuesday, September 29th. The company reported GBX 2.38 earnings per share (EPS) for the quarter. Made Tech Group had a return on equity of 12.27% and a net margin of 3.52%. Equities analysts forecast that Made Tech Group will post 2.6199998 earnings per share for the current year.

About Made Tech Group

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform. It serves central and local government, housing, health and care, transport, and education; police, justice, and emergency; and space, defense, and security sectors.