Mincon Group (LON:MCON) Reaches New 1-Year High – Here’s What Happened

Mincon Group plc (LON:MCONGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 63.75 and last traded at GBX 62, with a volume of 322140 shares. The stock had previously closed at GBX 56.

Analysts Set New Price Targets

Several research firms recently issued reports on MCON. Jefferies Financial Group reiterated a “house stock” rating on shares of Mincon Group in a report on Tuesday. Shore Capital Group reiterated a “house stock” rating on shares of Mincon Group in a report on Wednesday, April 29th.

Read Our Latest Report on Mincon Group

Mincon Group Stock Up 10.7%

The firm has a 50 day simple moving average of GBX 59.47 and a 200-day simple moving average of GBX 56.60. The stock has a market cap of £131.73 million, a P/E ratio of 24.70 and a beta of 0.12. The company has a quick ratio of 1.07, a current ratio of 3.32 and a debt-to-equity ratio of 22.51.

Mincon Group Company Profile

(Get Free Report)

Mincon Group plc engages in the design, manufacture, sale, and servicing of rock drilling tools and associated products in Ireland, the Americas, Australasia, Europe, the Middle East, and Africa. The company offers drill rigs and mast attachments for excavators and skid steers; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; rotary drill bits; and construction and geotechnical solutions, including foundation drilling, pipe pile-walls, fore poling, well drilling, and anchoring.

Read More

Receive News & Ratings for Mincon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mincon Group and related companies with MarketBeat.com's FREE daily email newsletter.