Monitise Plc Rating Reiterated by Canaccord Genuity (MONI)
Monitise Plc (LON:MONI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Monday. They currently have a GBX 85 ($1.44) price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 98.54% from the stock’s previous close.
Monitise Plc (LON:MONI) traded up 1.93% during mid-day trading on Monday, hitting GBX 42.8123. The stock had a trading volume of 5,567,442 shares. Monitise Plc has a 52 week low of GBX 37.59 and a 52 week high of GBX 78.425. The stock’s 50-day moving average is GBX 52.18 and its 200-day moving average is GBX 65.37.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs downgraded shares of Monitise Plc to a “buy” rating in a research note on Wednesday, July 9th. They now have a GBX 65 ($1.10) price target on the stock, down previously from GBX 105 ($1.78). Separately, analysts at Berenberg Bank reiterated a “hold” rating on shares of Monitise Plc in a research note on Tuesday, July 8th. They now have a GBX 74 ($1.26) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Monitise Plc in a research note on Tuesday, July 8th. They now have a GBX 75 ($1.27) price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 65 ($1.10).
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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