Peel Hunt restated their buy rating on shares of Miton Group (LON:MGR) in a report released on Wednesday. The brokerage currently has a GBX 55 ($0.75) price objective on the stock.

Miton Group (LON MGR) traded up GBX 0.85 ($0.01) on Wednesday, reaching GBX 38.35 ($0.52). 124,799 shares of the company traded hands, compared to its average volume of 86,137. Miton Group has a 1-year low of GBX 33.11 ($0.45) and a 1-year high of GBX 43 ($0.58). The company has a market capitalization of $67.08 and a PE ratio of 1,917.50.

In related news, insider David Barron bought 270,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was purchased at an average price of GBX 41 ($0.56) per share, with a total value of £110,700 ($150,122.05). Also, insider Gervais Williams sold 1,898,885 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of GBX 40 ($0.54), for a total transaction of £759,554 ($1,030,043.40). Insiders have purchased 271,149 shares of company stock valued at $11,115,564 in the last ninety days.

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Miton Group Company Profile

Miton Group plc, formerly MAM Funds plc, is an investment management company. The Company provides fund management services. Its funds are invested in a range of asset classes under various investment mandates, including multi-asset, equity and portfolios of collective investment schemes. Its product range includes equities, such as CF Miton UK Multi Cap Income Fund and FP Miton Income Fund; multi-assets, such as CF Miton Cautious Multi Asset Fund and PFS Miton Cautious Monthly Income Fund; fund of investment trusts, such as CF Miton Worldwide Opportunities Fund, and closed-end funds, such as The Diverse Income Trust plc and Miton Global Opportunities plc.

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