Premier Miton Group (LON:PMI) Stock Price Down 7% – Time to Sell?

Shares of Premier Miton Group plc (LON:PMI) were down 7% during trading on Monday . The stock traded as low as GBX 40 and last traded at GBX 40. Approximately 1,610,499 shares traded hands during trading, an increase of 124% from the average daily volume of 720,579 shares. The stock had previously closed at GBX 43.

Analysts Set New Price Targets

Separately, Shore Capital Group downgraded shares of Premier Miton Group to a “buy” rating and set a GBX 58 target price for the company. in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 58.

Premier Miton Group Trading Down 7.0%

The firm has a market capitalization of £63.03 million, a price-to-earnings ratio of 666.67 and a beta of 0.51. The company has a current ratio of 242.13, a quick ratio of 1.21 and a debt-to-equity ratio of 1.47. The company has a fifty day moving average price of GBX 37.71 and a 200-day moving average price of GBX 43.85.

Premier Miton Group (LON:PMI) last released its quarterly earnings data on Thursday, June 4th. The company reported GBX 1.54 EPS for the quarter. The firm had revenue of GBX 2,692 million for the quarter. Premier Miton Group had a return on equity of 0.09% and a net margin of 0.16%. On average, equities research analysts predict that Premier Miton Group plc will post 7.1593533 EPS for the current year.

Insiders Place Their Bets

In other Premier Miton Group news, insider Michael Patrick O’Shea purchased 4,463 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of GBX 40 per share, for a total transaction of £1,785.20. Also, insider Piers Godfrey Harrison acquired 4,463 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of GBX 40 per share, with a total value of £1,785.20. 10.80% of the stock is currently owned by company insiders.

About Premier Miton Group

Premier Miton Group plc is a publicly owned investment manager. The firm invests in public equity and fixed income markets across the globe. Premier Miton Group plc was formerly known as Premier Asset Management Group Plc. Premier Miton Group plc was founded in November 2019 and is based in Surrey, United Kingdom.