Monitise Rating Reiterated by Barclays (MONI)
Monitise (LON:MONI)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Thursday, Stock Ratings News reports. They currently have a GBX 75 ($1.26) price objective on the stock. Barclays’ target price points to a potential upside of 9.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Monitise in a research note on Wednesday. They now have a GBX 80 ($1.34) price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Monitise from GBX 100 ($1.68) to GBX 115 ($1.93) in a research note on Tuesday, January 14th. They now have a “conviction-buy” rating on the stock. One investment 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 currently has an average rating of “Buy” and an average target price of GBX 69.98 ($1.17).
Shares of Monitise (LON:MONI) opened at 67.661 on Thursday. 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 72.05 and a 200-day moving average of GBX 58.2.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.