Monitise Plc Given Buy Rating at Canaccord Genuity (MONI)
Monitise Plc (LON:MONI)‘s stock had its “buy” rating restated by Canaccord Genuity in a research note issued on Tuesday. They currently have a GBX 85 ($1.46) price target on the stock. Canaccord Genuity’s target price points to a potential upside of 72.59% from the company’s current price.
MONI has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Monitise Plc in a research note on Tuesday. They now have a GBX 75 ($1.29) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “hold” rating on shares of Monitise Plc in a research note on Friday, June 20th. They now have a GBX 74 ($1.27) price target on the stock. Finally, 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 ($1.80) price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Monitise Plc presently has an average rating of “Buy” and a consensus price target of GBX 73 ($1.25).
Monitise Plc (LON:MONI) traded down 13.63% during mid-day trading on Tuesday, hitting GBX 42.5376. 153,551,232 shares of the company’s stock traded hands. Monitise Plc has a 52 week low of GBX 33.112 and a 52 week high of GBX 78.425. The stock’s 50-day moving average is GBX 61.64 and its 200-day moving average is GBX 67.68.
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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