Moneygram International – Consensus Indicates Potential -17.5% Downside

Broker Ratings

Moneygram International with ticker code (MGI) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 9.5 and 4.5 with the average target price sitting at 6.33. Now with the previous closing price of 7.67 this now indicates there is a potential downside of -17.5%. The 50 day moving average now sits at 6.49 and the 200 moving average now moves to 4.82. The company has a market capitalisation of $606m. Visit the company website at: http://corporate.moneygram.com

MoneyGram International, together with its subsidiaries, provides cross-border peer-to-peer payments and money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers through third-party agents, including retail chains, independent retailers, post offices, and other financial institutions; and digital solutions, such as moneygram.com, mobile solutions, digital partners, wallets, and account deposit services. The Financial Paper Products segment provides money orders to consumers through its agents and financial institutions under the MoneyGram brand and on a private label or co-branded basis with various agents and financial institutions; and official check outsourcing services for financial institutions. MoneyGram International is based in Dallas, Texas.

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