An Opportunity to Buy Monitise as price dips

Four Directors sold 20m shares of Monitise at 50p this week as they try to recoup their long term investments. Each still holds significant shares. This drove the price which had risen, down again and provides an opportunity to buy these shares which while carrying some risk (as do all penny stocks) have enormous upside potential. I recommend these shares as a long term play with the potential to give 5X multiples. See what the big boys say below, and they are all short to medium thinking. I will take this opportunity to raise my stake.


Monitise (LON:MONI)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Thursday, American Banking and Market Newsreports. They currently have a GBX 70 ($1.08) target price on the stock, up from their previous target price of GBX 50 ($0.77). Canaccord Genuity’s price target would suggest a potential upside of 30.23% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Monitise (LON:MONI) from GBX 60 ($0.93) to GBX 100 ($1.55) in a research note to investors on Wednesday. They now have a “conviction-buy” rating on the stock. Separately, analysts at Berenberg Bank initiated coverage on shares of Monitise (LON:MONI) in a research note to investors on Wednesday, August 28th. They set a “buy” rating and a GBX 70 ($1.08) price target on the stock.