Northland Securities analyst Michael Grondahl maintained a Buy rating on Moneygram International (MGI) today and set a price target of $7. The company’s shares closed last Monday at $4.24.
Grondahl wrote:
“We note Groupon and RetailMeNot as a couple examples in the affiliate program.”
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 13.6% and a 51.7% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Moneygram International with a $7 average price target.
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The company has a one-year high of $6.54 and a one-year low of $1.33. Currently, Moneygram International has an average volume of 2.98M.
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MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services.
