Canaccord Genuity Group Reaffirms “Buy” Rating for Made Tech Group (LON:MTEC)

Made Tech Group (LON:MTEC)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 60 target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 43.71% from the company’s current price.

Made Tech Group Price Performance

Shares of LON MTEC opened at GBX 41.75 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 2.95 and a debt-to-equity ratio of 8.21. The company’s 50-day moving average price is GBX 37.19 and its 200 day moving average price is GBX 34.38. Made Tech Group has a 52 week low of GBX 23 and a 52 week high of GBX 46. The stock has a market cap of £62.33 million, a price-to-earnings ratio of 35.99 and a beta of 1.02.

Made Tech Group (LON:MTEC) last announced its earnings results on Thursday, February 26th. The company reported GBX 0.79 earnings per share (EPS) for the quarter. Made Tech Group had a net margin of 3.52% and a return on equity of 12.27%. As a group, research analysts forecast that Made Tech Group will post 2.6199998 earnings per share for the current fiscal year.

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