Shore Capital Reaffirms Buy Rating for Mattioli Woods (LON:MTW)

Mattioli Woods (LON:MTW)‘s stock had its “buy” rating restated by Shore Capital in a research report issued to clients and investors on Tuesday, February 5th.

Separately, Canaccord Genuity decreased their target price on shares of Mattioli Woods from GBX 935 ($12.22) to GBX 730 ($9.54) and set a “buy” rating on the stock in a research note on Thursday, January 10th.

LON:MTW remained flat at $GBX 762.50 ($9.96) during mid-day trading on Tuesday. 5,766 shares of the company were exchanged, compared to its average volume of 14,481. Mattioli Woods has a fifty-two week low of GBX 725 ($9.47) and a fifty-two week high of GBX 872 ($11.39).

In other news, insider Nathan James McLean Imlach sold 37,224 shares of Mattioli Woods stock in a transaction on Friday, February 8th. The shares were sold at an average price of GBX 735 ($9.60), for a total transaction of £273,596.40 ($357,502.16).

Mattioli Woods Company Profile

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. It operates through Pension Consultancy and Administration, Investment and Asset Management, Property Management, and Employee Benefits segments. The company offers financial planning services, such as wealth building, trust planning, inheritance tax and estate planning, exit planning, and executive financial counselling services; investment products and services to support client strategies, as well as strategic planning and advisory services; and self-invested personal and small self-administered pension schemes, and trustee services.

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