The Mission Group (LON:TMG) Raised to “Buy” at Canaccord Genuity Group

The Mission Group (LON:TMG) was upgraded by equities researchers at Canaccord Genuity Group to a “buy” rating in a research note issued on Tuesday, Marketbeat reports. The firm currently has a GBX 62 ($0.76) price target on the stock, up from their previous price target of GBX 55 ($0.68). Canaccord Genuity Group’s price objective indicates a potential upside of 91.36% from the company’s current price.

The Mission Group Stock Performance

LON:TMG opened at GBX 32.40 ($0.40) on Tuesday. The stock has a market capitalization of £29.43 million, a P/E ratio of -249.23 and a beta of 1.48. The Mission Group has a 1 year low of GBX 17 ($0.21) and a 1 year high of GBX 33 ($0.41). The firm has a 50 day moving average of GBX 23.98 and a 200-day moving average of GBX 22.86. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 45.49.

Insiders Place Their Bets

In related news, insider Mark Lund bought 82,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was bought at an average cost of GBX 30 ($0.37) per share, with a total value of £24,600 ($30,284.38). Insiders own 37.00% of the company’s stock.

About The Mission Group

MISSION is a collective of Creative and MarTech Agencies led by entrepreneurs who encourage an independent spirit. Employing 1,000 people across 28 locations and 3 continents, the Group successfully combines its diverse expertise to produce Work That Counts TM for our Clients, whatever their ambitions.