Midwich Group (LON:MIDW) had its target price increased by analysts at Berenberg Bank from GBX 620 ($8.10) to GBX 630 ($8.23) in a research note issued to investors on Tuesday, Price Targets.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 12.50% from the stock’s previous close.
Shares of LON MIDW opened at GBX 560 ($7.32) on Tuesday. The stock’s 50 day simple moving average is GBX 547.37. The firm has a market capitalization of £496.92 million and a P/E ratio of -130.23. The company has a current ratio of 1.44, a quick ratio of 0.80 and a debt-to-equity ratio of 61.85. Midwich Group has a twelve month low of GBX 305 ($3.98) and a twelve month high of GBX 631 ($8.24).
In other news, insider Stephen Fenby sold 163,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 18th. The stock was sold at an average price of GBX 495 ($6.47), for a total value of £806,850 ($1,054,154.69).
Midwich Group plc, together with its subsidiaries, engages in the distribution of audio visual (AV) solutions to the trade customers in the United Kingdom, Ireland, Europe, the Middle East, Africa, Asia Pacific, and North America. Its products support various AV categories, such as displays, projectors, audio, video, and digital signage, as well as lighting and unified communications.
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