Monitise Given New GBX 80 Price Target at Canaccord Genuity (MONI)
Investment analysts at Canaccord Genuity boosted their price target on shares of Monitise (LON:MONI) from GBX 70 ($1.15) to GBX 80 ($1.31) in a note issued to investors on Monday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 20.54% from the stock’s previous close.
Monitise (LON:MONI) traded up 0.83% during mid-day trading on Monday, hitting GBX 67.05. 5,396,510 shares of the company’s stock traded hands. Monitise has a 52 week low of GBX 31.50 and a 52 week high of GBX 82.75. The stock has a 50-day moving average of GBX 67.89 and a 200-day moving average of GBX 55.12.
A number of other firms have also recently commented on MONI. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Monitise from GBX 100 ($1.64) to GBX 115 ($1.89) in a research note to investors on Tuesday, January 14th. They now have a “conviction-buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Monitise in a research note to investors on Tuesday, January 7th. They now have a GBX 75 ($1.23) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of Monitise in a research note to investors on Tuesday, November 26th. They now have a GBX 70 ($1.15) price target on the stock. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 69.98 ($1.15).
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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