Canaccord Genuity Reiterates Hold Rating for Midwich Group (LON:MIDW)

Canaccord Genuity reissued their hold rating on shares of Midwich Group (LON:MIDW) in a research report released on Tuesday, September 11th. The brokerage currently has a GBX 707 ($9.21) price objective on the stock.

Separately, Berenberg Bank reissued a buy rating on shares of Midwich Group in a research note on Thursday, July 19th.

Shares of MIDW traded up GBX 15 ($0.20) on Tuesday, hitting GBX 670 ($8.73). 21,678 shares of the stock traded hands, compared to its average volume of 28,562. Midwich Group has a 1 year low of GBX 295 ($3.84) and a 1 year high of GBX 669.98 ($8.73).

The business also recently declared a dividend, which will be paid on Friday, October 26th. Investors of record on Thursday, September 20th will be given a dividend of GBX 4.60 ($0.06) per share. This represents a yield of 0.69%. The ex-dividend date is Thursday, September 20th.

In related news, insider Stephen Fenby purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average price of GBX 605 ($7.88) per share, with a total value of £48,400 ($63,045.46).

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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