Monitise Plc Stock Rating Reaffirmed by Berenberg Bank (MONI)
Monitise Plc (LON:MONI)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Friday. They currently have a GBX 74 ($1.26) price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 23.83% from the company’s current price.
Shares of Monitise Plc (LON:MONI) traded up 1.29% on Friday, hitting GBX 59.76. 12,740,941 shares of the company’s stock traded hands. Monitise Plc has a 52-week low of GBX 31.038 and a 52-week high of GBX 78.425. The stock’s 50-day moving average is GBX 64.99 and its 200-day moving average is GBX 67.43.
MONI has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Monitise Plc in a research note on Wednesday, June 4th. They now have a GBX 85 ($1.44) price target on the stock. Separately, 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 ($1.78) price target on the stock. Finally, 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 ($1.27) price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 73 ($1.24).
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.