Mattioli Woods (MTW) Raised to Buy at Canaccord Genuity

Canaccord Genuity upgraded shares of Mattioli Woods (LON:MTW) to a buy rating in a research note issued to investors on Monday morning. Canaccord Genuity currently has GBX 840 ($11.39) price target on the stock.

A number of other brokerages have also commented on MTW. Canaccord Genuity Group restated a hold rating and set a GBX 840 ($11.39) price objective on shares of Mattioli Woods in a report on Friday, November 3rd. Shore Capital restated a hold rating on shares of Mattioli Woods in a report on Monday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 816.25 ($11.07).

Shares of Mattioli Woods (LON:MTW) opened at GBX 785 ($10.65) on Monday. Mattioli Woods has a twelve month low of GBX 750 ($10.17) and a twelve month high of GBX 872 ($11.83). The company has a market cap of $201.49 and a price-to-earnings ratio of 3,140.00.

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

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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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