Canaccord Genuity Reiterates “Buy” Rating for Monitise Plc (MONI)
Monitise Plc (LON:MONI)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 85 ($1.42) price objective on the stock. Canaccord Genuity’s price target would indicate a potential upside of 34.27% from the company’s current price.
Monitise Plc (LON:MONI) opened at 66.945 on Wednesday. Monitise Plc has a 1-year low of GBX 31.038 and a 1-year high of GBX 78.425. The stock’s 50-day moving average is GBX 64.36 and its 200-day moving average is GBX 66.63.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Monitise Plc in a research note on Tuesday, May 20th. They now have a GBX 105 ($1.76) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Monitise Plc in a research note on Friday, May 9th. They now have a GBX 75 ($1.26) price target on the stock. Finally, analysts at Berenberg Bank downgraded shares of Monitise Plc to a “hold” rating in a research note on Monday, April 7th. They now have a GBX 74 ($1.24) price target on the stock, up previously from GBX 70 ($1.17). One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 73 ($1.22).
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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