Medica Group (LON:MGP) Given Reduce Rating at Peel Hunt

Peel Hunt reaffirmed their reduce rating on shares of Medica Group (LON:MGP) in a research note released on Wednesday, May 22nd, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently weighed in on MGP. Numis Securities reaffirmed a buy rating and set a GBX 165 ($2.16) price objective on shares of Medica Group in a research report on Monday, March 25th. Berenberg Bank dropped their price objective on Medica Group from GBX 230 ($3.01) to GBX 150 ($1.96) and set a buy rating for the company in a research note on Thursday, January 24th.

LON:MGP traded down GBX 2.50 ($0.03) during mid-day trading on Wednesday, reaching GBX 146 ($1.91). 37,556 shares of the stock were exchanged, compared to its average volume of 235,604. Medica Group has a 1 year low of GBX 107 ($1.40) and a 1 year high of GBX 169.20 ($2.21). The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 39.26. The company has a market capitalization of $162.22 million and a PE ratio of 22.12.

The business also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 30th will be given a dividend of GBX 1.50 ($0.02) per share. This is an increase from Medica Group’s previous dividend of $0.75. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 1.14%. Medica Group’s dividend payout ratio (DPR) is presently 0.30%.

In other Medica Group news, insider John Michael Graham sold 1,100,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of GBX 148 ($1.93), for a total transaction of £1,628,000 ($2,127,270.35).

About Medica Group

Medica Group Plc provides teleradiology reporting services to NHS trusts and other customers in the United Kingdom. It offers same day routine teleradiology, radiographer plain film, NightHawk emergency CT and MR reporting, Dayhawk fast daytime, and CT colonography reporting services. The company also provides audit services, such as cause for concern audit, departmental quality assurance, and ongoing CT, MR, plain film, and ultrasound audit services; and specialist services.

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