Canaccord Genuity Group Begins Coverage on Made Tech Group (LON:MTEC)

Equities research analysts at Canaccord Genuity Group assumed coverage on shares of Made Tech Group (LON:MTECGet Free Report) in a research note issued on Thursday,London Stock Exchange reports. The brokerage set a “buy” rating and a GBX 55 ($0.75) price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 48.65% from the stock’s current price.

Made Tech Group Stock Performance

Shares of Made Tech Group stock opened at GBX 37 ($0.51) on Thursday. The company has a market cap of £55.27 million, a P/E ratio of -22.53 and a beta of 0.90. Made Tech Group has a one year low of GBX 14.50 ($0.20) and a one year high of GBX 38.28 ($0.53). The firm has a fifty day moving average of GBX 29.06 and a two-hundred day moving average of GBX 27.06.

About Made Tech Group

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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.

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