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Needham Reaffirms Their Buy Rating on Montrose Environmental Group (MEG)

Needham analyst James Ricchiuti reiterated a Buy rating on Montrose Environmental Group (MEGResearch Report) today and set a price target of $60.00. The company’s shares opened today at $43.59.

Ricchiuti covers the Technology sector, focusing on stocks such as Digimarc, II-VI, and Stratasys. According to TipRanks, Ricchiuti has an average return of 17.8% and a 60.62% success rate on recommended stocks.

Montrose Environmental Group has an analyst consensus of Moderate Buy, with a price target consensus of $52.67.

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MEG market cap is currently $1.25B and has a P/E ratio of (30.85).

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MEG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Media General Inc was incorporated as Legacy Media General in Virginia and became a public company in 1969. The Company owns or operates 31 network-affiliated broadcast television stations as well as related websites and mobile news applications. The Company’s network affiliations include twelve CBS stations, nine NBC stations, seven ABC stations, one FOX station, one CW station and one MyNetworkTV station. Media General’s stations operate across 28 markets, reaching approximately 16.5 million, or 14 percent, of U.S. TV households. The ownership, operation and sale of television stations are subject to the jurisdiction of the Federal Communications Commission, which acts under the authority granted by the Communications Act of 1934, as amended.

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