Midwich Group (LON:MIDW) Stock Price Up 0.3% – Should You Buy?

Midwich Group plc (LON:MIDW) shares shot up 0.3% on Monday . The stock traded as high as GBX 189 and last traded at GBX 182. 31,870 shares were traded during mid-day trading, a decline of 87% from the average session volume of 244,580 shares. The stock had previously closed at GBX 181.50.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 350 price target on shares of Midwich Group in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 350.

Midwich Group Stock Performance

The business’s fifty day moving average price is GBX 174.17 and its 200-day moving average price is GBX 195.42. 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 £187.03 million, a PE ratio of 28.30 and a beta of 0.66.

Insider Buying and Selling

In other news, insider Stephen Lamb sold 33,310 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of GBX 188, for a total transaction of £62,622.80. 20.43% of the stock is currently owned by insiders.

About Midwich Group

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.