Mattioli Woods (MTW) Rating Increased to Buy at Canaccord Genuity

Mattioli Woods (LON:MTW) was upgraded by analysts at Canaccord Genuity to a “buy” rating in a research report issued to clients and investors on Monday, January 8th. The brokerage presently has a GBX 840 ($11.39) target price on the stock. Canaccord Genuity’s price target indicates a potential upside of 8.11% from the stock’s current price.

Several other equities research analysts have also recently weighed in on MTW. Canaccord Genuity Group restated a “hold” rating and set a GBX 840 ($11.39) target price on shares of Mattioli Woods in a report on Friday, November 3rd. Shore Capital reiterated a “hold” rating on shares of Mattioli Woods in a report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 816.25 ($11.07).

Mattioli Woods (MTW) traded down GBX 8 ($0.11) during mid-day trading on Monday, reaching GBX 777 ($10.54). The company had a trading volume of 1,893 shares, compared to its average volume of 2,597. The company has a market cap of $202.22 and a price-to-earnings ratio of 3,108.00. Mattioli Woods has a one year low of GBX 750 ($10.17) and a one year high of GBX 872 ($11.83).

In other news, insider Nathan James McLean Imlach sold 21,231 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of GBX 794 ($10.77), for a total value of £168,574.14 ($228,606.10). Also, insider Ian Thomas Mattioli bought 63,080 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of GBX 793 ($10.75) per share, with a total value of £500,224.40 ($678,362.35).

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Mattioli Woods Company Profile

Mattioli Woods plc is engaged in providing pensions consultancy and administration services primarily to owner-managers, senior executives and professional persons in the United Kingdom. It offers a range of services namely wealth management, employee benefits and intermediary services. Wealth management services include: financial planning, which provide wealth building and trust planning; investments, which include portfolio management, structured products and individual savings account (ISA); pension, which provide self-invested personnel pension and small Self-Administered Scheme(SSAS); property, which includes real estate investment trust (REIT), mortgage advice and legal services, and Protection, which includes life insurance and income protection.

Analyst Recommendations for Mattioli Woods (LON:MTW)

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