Monitise Plc Receives Buy Rating from Canaccord Genuity (MONI)
Monitise Plc (LON:MONI)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Wednesday. They currently have a GBX 85 ($1.41) price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 102.19% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank cut their price target on shares of Monitise Plc from GBX 74 ($1.22) to GBX 42 ($0.70) in a research note on Thursday, August 14th. They now have a “hold” rating 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 ($1.08) price target on the stock, down previously from GBX 105 ($1.74). One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 58.60 ($0.97).
Monitise Plc (LON:MONI) opened at 48.315 on Wednesday. Monitise Plc has a 52-week low of GBX 37.50 and a 52-week high of GBX 78.425. The stock’s 50-day moving average is GBX 42.89 and its 200-day moving average is GBX 60.76.
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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