Midwich Group PLC 69.1% potential upside indicated by Berenberg Bank

Midwich Group PLC with ticker (LON:MIDW) now has a potential upside of 69.1% according to Berenberg Bank.



Berenberg Bank set a target price of 800 GBX for the company, which when compared to the Midwich Group PLC share price of 473 GBX at opening today (14/06/2023) indicates a potential upside of 69.1%. Trading has ranged between 400 (52 week low) and 618 (52 week high) with an average of 148,847 shares exchanging hands daily. The market capitalisation at the time of writing is £485,281,110.

Midwich Group plc is a United Kingdom-based global specialist audio visual (AV) distributor to the trade market. The Company’s operation segments include United Kingdom and Ireland, EMEA, Asia Pacific and North America. The application of AV systems is found in areas such as unified communications, workplace collaboration and digital signage solutions, with end users broadly covering the corporate, education, government, events, retail, hospitality, healthcare and residential markets. Its customers are primarily installers and resellers of AV equipment into the Pro AV market. The Company’s brands include Absen LED, BARCO, biamp., BrightSign, EPSON, HARMAN, Legrand, LG, Logitech, SONY, SHARP/ NEC, PHILIPS, poly, SHURE, SMART, SONOS, SAMSUNG, peerless-AV and Panasonic.