Moneygram International’s “Neutral” Rating Reaffirmed at JPMorgan Chase & Co. (MGI)
Moneygram International (NYSE:MGI)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They currently have a $15.00 target price on the stock, up from their previous target price of $14.00. JPMorgan Chase & Co.’s price target points to a potential upside of 3.45% from the stock’s previous close.
Shares of Moneygram International (NYSE:MGI) traded down 2.84% on Tuesday, hitting $14.35. The stock had a trading volume of 409,692 shares. Moneygram International has a one year low of $12.45 and a one year high of $23.00. The stock has a 50-day moving average of $14.32 and a 200-day moving average of $16.14. The company has a market cap of $783.3 million and a price-to-earnings ratio of 10.21.
A number of other firms have also recently commented on MGI. Analysts at First Analysis initiated coverage on shares of Moneygram International in a research note on Thursday, July 10th. They set an “overweight” rating and a $18.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Moneygram International from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $15.00 price target on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Moneygram International from $20.00 to $14.00 in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Moneygram International presently has a consensus rating of “Hold” and an average target price of $18.88.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
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