C.L. King Believes The Middleby Corp (MIDD) Won’t Stop Here


In a report released today, George Godfrey from C.L. King upgraded The Middleby Corp (MIDD) to Buy, with a price target of $160. The company’s shares closed yesterday at $134.38, close to its 52-week high of $134.84.

According to TipRanks.com, Godfrey is ranked #2022 out of 5231 analysts.

The Middleby Corp has an analyst consensus of Moderate Buy, with a price target consensus of $142.33.

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The Middleby Corp’s market cap is currently $7.49B and has a P/E ratio of 23.56. The company has a Price to Book ratio of 4.50.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock.

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Middleby Corp. engages in the design, manufacture, marketing, distribution and service of a broad line of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment Group.

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