Canaccord Genuity Upgrades Midwich Group (LON:MIDW) to Buy

Midwich Group (LON:MIDW) was upgraded by research analysts at Canaccord Genuity to a “buy” rating in a research report issued to clients and investors on Tuesday, January 22nd. The brokerage currently has a GBX 720 ($9.41) target price on the stock, up from their prior target price of GBX 707 ($9.24). Canaccord Genuity’s price objective would suggest a potential upside of 24.14% from the stock’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 720 ($9.41) price objective on shares of Midwich Group in a research note on Tuesday, January 22nd.

Shares of MIDW stock opened at GBX 580 ($7.58) on Tuesday. Midwich Group has a 12-month low of GBX 295 ($3.85) and a 12-month high of GBX 669.98 ($8.75).

In related news, insider Hilary Wright bought 2,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The shares were purchased at an average price of GBX 518 ($6.77) per share, with a total value of £10,360 ($13,537.17).

About Midwich Group

Midwich Group Plc distributes audio visual (AV) and document solutions to the trade markets in the United Kingdom, Ireland, France, Australasia, Germany, Iberia, and Benelux. The company's products support various AV categories, such as large format displays, projectors, audio and digital signage products, technical and professional video products, and printers, as well as scanners and consumables.

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