Moneygram International found using ticker (MGI) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 12.25 and 6 calculating the average target price we see 9.56. With the stocks previous close at 10.61 this now indicates there is a potential downside of -9.9%. The 50 day MA is 9.07 and the 200 moving average now moves to 8.68. The market cap for the company is $975m. Company Website: https://corporate.moneygram.com
The potential market cap would be $878m based on the market concensus.
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 through third-party agentsluding retail chains, independent retailers, post offices, banks, 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 banks and credit unions. MoneyGram International was incorporated in 2003 and is based in Dallas, Texas.
