Mattioli Woods (MTW) Upgraded by Canaccord Genuity to “Buy”

Mattioli Woods (LON:MTW) was upgraded by equities research analysts at Canaccord Genuity to a “buy” rating in a report issued on Monday. The firm currently has a GBX 840 ($11.39) price target on the stock. Canaccord Genuity’s price objective points to a potential upside of 5.66% from the company’s current price.

A number of other research firms have also issued reports on MTW. Canaccord Genuity Group reaffirmed 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 reaffirmed a “hold” rating on shares of Mattioli Woods in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 795.40 ($10.79).

Mattioli Woods (LON:MTW) traded up GBX 22.50 ($0.31) during trading on Monday, hitting GBX 795 ($10.78). 2,865 shares of the stock were exchanged, compared to its average volume of 1,674. Mattioli Woods has a fifty-two week low of GBX 750 ($10.17) and a fifty-two week high of GBX 872 ($11.83). The stock has a market capitalization of $198.30 and a price-to-earnings ratio of 3,180.00.

In other news, insider Murray Beveridge Smith sold 8,605 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of GBX 760 ($10.31), for a total transaction of £65,398 ($88,687.28). Also, insider Nathan James McLean Imlach purchased 76 shares of the stock in a transaction dated Friday, October 27th. The shares were purchased at an average cost of GBX 820 ($11.12) per share, for a total transaction of £623.20 ($845.13).

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About Mattioli Woods

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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