Berenberg Bank Reiterates "Buy" Rating for Midwich Group (LON:MIDW)

Key Points

• Berenberg Bank has reiterated a "buy" rating for Midwich Group, setting a price target of GBX 350, implying a potential upside of 61.66% from its last closing price.
• Midwich Group's stock opened at GBX 216.50, with significant indicators including a PE ratio of 1,426.24 and a market capitalization of £222.49 million.
• The company operates in 22 countries, offering a range of services from product distribution to complex system design, which emphasize enhancing connectivity through technology solutions.

Berenberg Bank reissued their buy rating on shares of Midwich Group (LON:MIDW - Free Report) in a research report report published on Tuesday, Marketbeat.com reports. They currently have a GBX 350 price target on the stock.

Midwich Group Price Performance

Shares of LON:MIDW traded down GBX 15 during trading on Tuesday, reaching GBX 202. The stock had a trading volume of 61,994 shares, compared to its average volume of 275,606. Midwich Group has a 52 week low of GBX 164.51 and a 52 week high of GBX 335. The business's 50-day moving average price is GBX 220.45 and its 200 day moving average price is GBX 212.46. The company has a debt-to-equity ratio of 105.39, a current ratio of 1.44 and a quick ratio of 0.78. The stock has a market capitalization of £207.59 million, a PE ratio of 1,330.70 and a beta of 0.66.

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.