Made Tech Group (LON:MTEC) Earns Buy Rating from Canaccord Genuity Group

Made Tech Group (LON:MTEC)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 60 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 47.06% from the company’s previous close.

Made Tech Group Stock Up 6.0%

Shares of Made Tech Group stock opened at GBX 40.80 on Tuesday. The business has a fifty day simple moving average of GBX 38.79 and a 200 day simple moving average of GBX 37.25. The stock has a market cap of £60.91 million, a PE ratio of 35.17 and a beta of 1.06. The company has a quick ratio of 2.95, a current ratio of 3.06 and a debt-to-equity ratio of 8.21. Made Tech Group has a 12 month low of GBX 26 and a 12 month high of GBX 46.

About Made Tech Group

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. It serves central and local government, housing, health and care, transport, and education; police, justice, and emergency; and space, defense, and security sectors.