Premier Miton Group (LON:PMI) Stock Price Down 7% – What’s Next?

Premier Miton Group plc (LON:PMI) was down 7% during trading on Monday . The company traded as low as GBX 40 and last traded at GBX 40. Approximately 1,610,499 shares were traded 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 lowered Premier Miton Group to a “buy” rating and set a GBX 58 target price for the company. in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 58.

Premier Miton Group Stock 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 debt-to-equity ratio of 1.47, a quick ratio of 1.21 and a current ratio of 242.13. The business’s 50 day moving average is GBX 37.71 and its 200-day moving average is GBX 43.85.

Premier Miton Group (LON:PMI) last issued its quarterly earnings results on Thursday, June 4th. The company reported GBX 1.54 earnings per share (EPS) for the quarter. The company 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%. Equities analysts anticipate that Premier Miton Group plc will post 7.1593533 EPS for the current fiscal year.

Insider Buying and Selling

In other Premier Miton Group news, insider Michael Patrick O’Shea purchased 4,463 shares of the company’s stock in a transaction on Friday, April 24th. The shares were bought at an average cost of GBX 40 per share, with a total value of £1,785.20. Also, insider Piers Godfrey Harrison 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, with a total value of £1,785.20. Company insiders own 10.80% of the company’s stock.

Premier Miton Group Company Profile

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.