Monitise Given Underperform Rating at BNP Paribas (MONI)
Monitise (LON:MONI)‘s stock had its “underperform” rating restated by analysts at BNP Paribas in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. They currently have a GBX 26 ($0.42) price objective on the stock. BNP Paribas’ target price would suggest a potential downside of 53.82% from the stock’s previous close.
Shares of Monitise (LON:MONI) opened at 57.00 on Wednesday. Monitise has a 52-week low of GBX 27.694 and a 52-week high of GBX 63.50. The stock has a 50-day moving average of GBX 48.54 and a 200-day moving average of GBX 39.70.
A number of other analysts have also recently weighed in on MONI. Analysts at Goldman Sachs Group Inc. reiterated a “strong-buy” rating on shares of Monitise (LON:MONI) in a research note to investors on Thursday, September 12th. They now have a GBX 100 ($1.60) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Monitise (LON:MONI) from GBX 50 ($0.80) to GBX 70 ($1.12) in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Monitise presently has an average rating of “Buy” and a consensus price target of GBX 61.65 ($0.99).
Monitise plc is a United Kingdom-based holding company. The principal activity of the Company is as a technology company delivering mobile banking, payments and commerce networks worldwide.
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