Monitise

Analyst Lowers PT On Monitise Plc 83%, Says Its Still A Buy

Analysts can sometimes be "fun".

Monitise Plc, the mobile money company, backed by Omega Adviser's Leon Cooperman, has had a tough year. Year to date the company's share price has slumped 88% as it has failed to meet any of its key targets.

But yet, despite the company's endless stream of disappointing figures, analysts at BTIG still rate the company a 'buy'. In fact, until yesterday BTIG had a 12-month price target of 52p on Monitise's shares. Although, after yesterday's dismal trading . . .

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