Monitise Plc Given New GBX 42 Price Target at Berenberg Bank (MONI)
Berenberg Bank lowered their price objective on shares of Monitise Plc (LON:MONI) from GBX 74 ($1.24) to GBX 42 ($0.70) in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 0.99% from the company’s current price.
Monitise Plc (LON:MONI) traded up 0.81% during mid-day trading on Thursday, hitting GBX 41.8359. The stock had a trading volume of 3,251,740 shares. Monitise Plc has a one year low of GBX 37.50 and a one year high of GBX 78.425. The stock has a 50-day moving average of GBX 45.66 and a 200-day moving average of GBX 62.37.
A number of other analysts have also recently weighed in on MONI. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Monitise Plc in a research note on Monday, July 28th. They now have a GBX 85 ($1.43) price target on the stock. Separately, 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 ($1.09) price target on the stock, down previously from GBX 105 ($1.76). One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 58.60 ($0.98).
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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