Monitise Plc Receives “Overweight” Rating from Barclays (MONI)
Monitise Plc (LON:MONI)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Tuesday. They currently have a GBX 75 ($1.29) target price on the stock. Barclays’ target price would indicate a potential upside of 66.67% from the company’s current price.
A number of other firms have also recently commented on MONI. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Monitise Plc in a research note on Monday, June 23rd. They now have a GBX 85 ($1.46) 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Monitise Plc currently has an average rating of “Buy” and an average price target of GBX 73 ($1.25).
Shares of Monitise Plc (LON:MONI) traded down 12.40% on Tuesday, hitting GBX 43.1441. The stock had a trading volume of 168,993,616 shares. Monitise Plc has a one year low of GBX 33.112 and a one year high of GBX 78.425. The stock has a 50-day moving average of GBX 61.19 and a 200-day moving average of GBX 67.61.
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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