Midwich Group (MIDW) Given Buy Rating at Berenberg Bank
Berenberg Bank restated their buy rating on shares of Midwich Group (LON:MIDW) in a research report sent to investors on Tuesday, Digital Look reports. The firm currently has a GBX 720 ($9.41) price target on the stock.
Other analysts have also issued reports about the stock. HSBC started coverage on shares of Midwich Group in a report on Tuesday, February 12th. They set a buy rating and a GBX 700 ($9.15) target price for the company. Canaccord Genuity increased their target price on shares of Midwich Group from GBX 720 ($9.41) to GBX 740 ($9.67) and gave the stock a buy rating in a report on Monday, February 4th.
Midwich Group stock opened at GBX 621 ($8.11) on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 72.61. The stock has a market cap of $494.27 million and a PE ratio of 33.75. Midwich Group has a 1-year low of GBX 478 ($6.25) and a 1-year high of GBX 710 ($9.28).
In other Midwich Group news, insider Stephen Fenby sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of GBX 625 ($8.17), for a total value of £6,250,000 ($8,166,732.00).
About Midwich Group
Midwich Group Plc distributes audio visual (AV) and document solutions to the trade markets in the United Kingdom, Ireland, France, Australasia, Germany, Iberia, and Benelux. The company's products support various AV categories, such as large format displays, projectors, audio and digital signage products, technical and professional video products, and printers, as well as scanners and consumables.
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