Monitise Receives “Buy” Rating from Canaccord Genuity (MONI)
Monitise (LON:MONI)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Thursday, Analyst Ratings Net reports. They currently have a GBX 70 ($1.12) target price on the stock. Canaccord Genuity’s price target suggests a potential upside of 25.21% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Monitise in a research note to investors on Tuesday. They now have a GBX 75 ($1.20) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Monitise in a research note to investors on Wednesday, September 25th. They now have a GBX 26 ($0.42) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “strong-buy” rating on shares of Monitise in a research note to investors on Thursday, September 12th. They now have a GBX 100 ($1.60) price target on the stock. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Monitise has a consensus rating of “Buy” and a consensus price target of GBX 65.82 ($1.05).
Shares of Monitise (LON:MONI) traded down 0.85% during mid-day trading on Thursday, hitting GBX 55.7691. The stock had a trading volume of 8,705,829 shares. Monitise has a one year low of GBX 27.694 and a one year high of GBX 63.50. The stock’s 50-day moving average is GBX 48.54 and its 200-day moving average is GBX 39.70.
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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