Made Tech Group (LON:MTEC) Now Covered by Analysts at Canaccord Genuity Group

Investment analysts at Canaccord Genuity Group initiated coverage on shares of Made Tech Group (LON:MTEC) in a report issued on Thursday,London Stock Exchange reports. The brokerage set a “buy” rating and a GBX 55 ($0.75) price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 52.78% from the company’s current price.

Made Tech Group Trading Up 18.0%

Shares of MTEC opened at GBX 36 ($0.49) on Thursday. The firm has a market cap of £53.77 million, a P/E ratio of -21.92 and a beta of 0.90. Made Tech Group has a 12 month low of GBX 14.50 ($0.20) and a 12 month high of GBX 36 ($0.49). The stock’s 50 day moving average is GBX 28.58 and its two-hundred day moving average is GBX 26.88.

Made Tech Group Company Profile

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.