Made Tech Group (LON:MTEC) Stock Keeps Buy Rating at Canaccord Genuity Group

Made Tech Group (LON:MTEC)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 70 price target on the stock. Canaccord Genuity Group‘s price target indicates a potential upside of 32.08% from the stock’s previous close.

Made Tech Group Stock Performance

Shares of MTEC opened at GBX 53 on Wednesday. Made Tech Group has a 1 year low of GBX 26 and a 1 year high of GBX 58. The company has a market cap of £77.47 million, a price-to-earnings ratio of 23.98 and a beta of 1.06. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.95 and a current ratio of 3.82. The firm has a fifty day moving average of GBX 49.05 and a 200-day moving average of GBX 40.59.

Made Tech Group (LON:MTEC) last released its quarterly earnings results on Tuesday, September 29th. The company reported GBX 2.38 EPS for the quarter. Made Tech Group had a net margin of 5.81% and a return on equity of 20.21%. As a group, equities analysts anticipate that Made Tech Group will post 2.62 earnings per share for the current year.

About Made Tech Group

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.