Monitise Plc (MONIF) Central Platform Will Re-Accelerate Growth: BTIG

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Mani
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With Phase 1 of Monitise Central Platform set to be launched on April 3, BTIG analysts believe the mobile payments provider is finally on the verge of re-acceleration in its business expansion. In their March 11, 2015 research note, Mark Palmer and Giuliano Bologna of BTIG Research peg Monitise’s 12-month price target at 52 pence from the current market price of 19.75 pence. MCP due for launch in April The BTIG analysts point out that a strategic review that Monitise initiated on January 22 enters its eighth week now, and the mobile payments provider is just over three weeks away from…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports