Miton Group plc (LON:MGR) had its target price lifted by Peel Hunt from GBX 50 ($0.67) to GBX 55 ($0.73) in a research note published on Friday. Peel Hunt currently has a buy rating on the stock.

Shares of Miton Group (MGR) opened at GBX 39.63 ($0.53) on Friday. Miton Group has a 12-month low of GBX 29 ($0.39) and a 12-month high of GBX 43 ($0.57).

In related news, insider David Barron purchased 270,000 shares of Miton Group stock in a transaction on Monday, October 30th. The stock was acquired at an average price of GBX 41 ($0.55) per share, for a total transaction of £110,700 ($147,580.32). In the last 90 days, insiders acquired 271,129 shares of company stock valued at $11,115,160.

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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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