Key Points
- Insider Adam Councell bought 74,586 Midwich Group shares at GBX 167 each, investing approximately £124,559.
- Midwich shares opened at GBX 176.60, with a one-year range of GBX 125.20 to GBX 226 and a market capitalization of about £182.27 million.
- Berenberg reaffirmed a “Buy” rating and GBX 350 price target, substantially above the reported average analyst target, while the company continues to report negative net margin and return on equity.
Midwich Group plc (LON:MIDW - Get Free Report) insider Adam Councell acquired 74,586 shares of the business's stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of GBX 167 per share, for a total transaction of £124,558.62.
Midwich Group Stock Performance
Shares of Midwich Group stock opened at GBX 176.60 on Wednesday. Midwich Group plc has a one year low of GBX 125.20 and a one year high of GBX 226. The firm has a market capitalization of £182.27 million, a price-to-earnings ratio of -8.06 and a beta of 0.42. The business has a 50-day simple moving average of GBX 143.82 and a 200 day simple moving average of GBX 145.70. The company has a debt-to-equity ratio of 132.80, a current ratio of 1.53 and a quick ratio of 0.78.
Midwich Group (LON:MIDW - Get Free Report) 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 return on equity of 10.30% and a negative net margin of 1.26%. On average, research analysts anticipate that Midwich Group plc will post 36.9099991 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 350 target price on shares of Midwich Group in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 350.
View Our Latest Analysis on MIDW
Midwich Group Company Profile
(
Get Free Report)
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.
Further Reading
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