Clear Street Initiates a Buy Rating on Montrose Environmental Group (MEG)

Clear Street analyst initiated coverage with a Buy rating on Montrose Environmental Group (MEG – Research Report) today and set a price target of $34.00. The company’s shares closed today at $21.18.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Montrose Environmental Group with a $27.20 average price target.

MEG market cap is currently $745.2M and has a P/E ratio of -9.39.

Based on the recent corporate insider activity of 12 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. Last month, Vincent Colman, a Director at MEG bought 2,600.00 shares for a total of $49,010.00.