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

Shares of Premier Miton Group plc (LON:PMI) fell 7% during mid-day trading on Monday . The company traded as low as GBX 40 and last traded at GBX 40. 1,610,499 shares traded hands during trading, an increase of 124% from the average daily volume of 720,579 shares. The stock had previously closed at GBX 43.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group lowered Premier Miton Group to a “buy” rating and set a GBX 58 price target on the stock. in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 58.

Premier Miton Group Trading Down 2.5%

The business’s 50 day moving average price is GBX 37.73 and its two-hundred day moving average price is GBX 43.69. The company has a market capitalization of £64.31 million, a price-to-earnings ratio of 674.18 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.

Premier Miton Group (LON:PMI) last posted its quarterly earnings data on Thursday, June 4th. The company reported GBX 1.54 EPS for the quarter. Premier Miton Group had a net margin of 0.16% and a return on equity of 0.09%. The business had revenue of GBX 2,692 million for the quarter. Equities analysts forecast that Premier Miton Group plc will post 7.1593533 earnings per share for the current fiscal year.

Insider Buying and Selling at Premier Miton Group

In other news, insider Piers Godfrey Harrison acquired 4,463 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were bought at an average price of GBX 40 per share, with a total value of £1,785.20. Also, insider Michael Patrick O’Shea acquired 4,463 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average price of GBX 40 per share, with a total value of £1,785.20. 10.71% of the stock is currently owned by company insiders.

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.