Monitise PLC (MONIF)

[realfast95]

Monitise Plc Rating Reiterated by Berenberg Bank (MONI)

Posted by Stephan Byrd on Jul 10th, 2014

Monitise Plc logoMonitise Plc (LON:MONI)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Tuesday. They currently have a GBX 74 ($1.27) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 63.25% from the stock’s previous close.

Shares of Monitise Plc (LON:MONI) opened at 40.98 on Tuesday. Monitise Plc has a 52-week low of GBX 33.112 and a 52-week 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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Monitise Plc in a research note on Tuesday. They now have a GBX 85 ($1.46) price target on the stock. Separately, 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 65 ($1.11).

http://tickerreport.com/banking-finance/246344/monitise-plc-rating-reiterated-by-berenberg-bank-moni/