Premier Miton Group (LON:PMI) Shares Down 8.2% Following Analyst Downgrade

Shares of Premier Miton Group plc (LON:PMI) were down 8.2% during trading on Thursday after Shore Capital Group downgraded the stock to a buy rating. Shore Capital Group now has a GBX 58 price target on the stock. Premier Miton Group traded as low as GBX 40.11 and last traded at GBX 40.60. Approximately 1,453,465 shares traded hands during mid-day trading, an increase of 60% from the average daily volume of 908,604 shares. The stock had previously closed at GBX 44.25.

Premier Miton Group Trading Down 8.2%

The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.21 and a current ratio of 1.27. The stock has a market capitalization of £63.98 million, a P/E ratio of 53.42 and a beta of 0.64. The firm’s fifty day simple moving average is GBX 44.42 and its 200 day simple moving average is GBX 51.41.

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.