Mattioli Woods plc’s (MTW) Hold Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reiterated their hold rating on shares of Mattioli Woods plc (LON:MTW) in a research note issued to investors on Friday morning. They currently have a GBX 840 ($11.08) price target on the stock.

A number of other research firms have also recently commented on MTW. Shore Capital restated a hold rating on shares of Mattioli Woods plc in a research report on Tuesday, August 15th. FinnCap cut shares of Mattioli Woods plc to a hold rating and set a GBX 850 ($11.22) price objective for the company. in a research report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus target price of GBX 784.25 ($10.35).

Shares of Mattioli Woods plc (LON MTW) remained flat at $GBX 797.50 ($10.52) during trading on Friday. 53,796 shares of the company’s stock traded hands, compared to its average volume of 23,310. Mattioli Woods plc has a twelve month low of GBX 655 ($8.64) and a twelve month high of GBX 872 ($11.51).

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The company also recently disclosed a dividend, which was paid on Friday, October 27th. Investors of record on Thursday, September 21st were given a GBX 9.40 ($0.12) dividend. The ex-dividend date was Thursday, September 21st. This represents a dividend yield of 1.1%. This is a boost from Mattioli Woods plc’s previous dividend of $4.70.

In other news, insider Ian Thomas Mattioli acquired 436 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was acquired at an average price of GBX 823 ($10.86) per share, for a total transaction of £3,588.28 ($4,735.13). Also, insider Nathan James McLean Imlach acquired 76 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of GBX 820 ($10.82) per share, with a total value of £623.20 ($822.38).

About Mattioli Woods plc

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.

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