Canaccord Genuity Upgrades Mogo Finance Technology (MOGO) to Speculative Buy

Mogo Finance Technology (TSE:MOGO) was upgraded by stock analysts at Canaccord Genuity from a “hold” rating to a “speculative buy” rating in a report issued on Monday. The firm currently has a C$7.25 price target on the stock, up from their prior price target of C$7.00. Canaccord Genuity’s target price indicates a potential upside of 21.24% from the company’s previous close.

Shares of Mogo Finance Technology (MOGO) traded down C$0.05 during trading hours on Monday, hitting C$5.98. The stock had a trading volume of 80,736 shares, compared to its average volume of 178,866. Mogo Finance Technology has a twelve month low of C$2.25 and a twelve month high of C$8.59. The stock has a market capitalization of $134.19 and a P/E ratio of -6.51.

In related news, Director Gregory Dean Feller acquired 13,700 shares of Mogo Finance Technology stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of C$6.04 per share, for a total transaction of C$82,748.00.

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Mogo Finance Technology Company Profile

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers its products to help consumers get in control of their financial health. It offers digital access to free monthly credit score monitoring; Mogo spending account, a digital spending account with no monthly fee accessible through a Mogo Platinum Prepaid Visa Card; MogoMoney personal loans; and MogoMortgage, a digital mortgage brokerage solution.

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