M&G Credit Income Investment Trust PLC -1,263.1% potential downside indicated by Canaccord Genuity

M&G Credit Income Investment Trust PLC with ticker (LON:MGCI) now has a potential downside of -1,263.1% according to Canaccord Genuity.



Canaccord Genuity set a target price of 7 GBX for the company, which when compared to the M&G Credit Income Investment Trust PLC share price of 98 GBX at opening today (16/02/2022) indicates a potential downside of -1,263.1%. Trading has ranged between 89 (52 week low) and 102 (52 week high) with an average of 110,251 shares exchanging hands daily. The market capitalisation at the time of writing is £139,772,102.

M&G Credit Income Investment Trust plc is a United Kingdom-based investment trust. The Company’s investment objective is to generate a regular and attractive level of income with low asset value volatility. It seeks to achieve its investment objective by investing in a diversified portfolio of public and private debt and debt-like instruments, of which at least 70% is investment grade. The Company mainly invests in private debt instruments. This part of the portfolio includes debt instruments, which are nominally quoted but are generally illiquid. The remainder of the Company’s portfolio is invested in cash, cash equivalents and quoted debt instruments. It invests in various sectors, such as asset backed security (ABS), funds, non-agency CMBS, life-insurance, beverage, banking, food and drug retail, health services, aerospace/defense, steel producers/products, chemicals and debt derivatives, among others. Its investment manager is M&G Alternatives Investment Management Limited.