JP Morgan covered Mimecast (NASDAQ:MIME), upping its target price to $25.50 today
- Updated: October 14, 2016
Mimecast (NASDAQ:MIME) had its target price raised to $25.50 by JP Morgan in a report released Friday October 14, 2016. The updated stock price target implies a possible upside of 0.37% based on the company's previous stock price.
On 10/03/2016, Barclays released a statement on Mimecast (NASDAQ:MIME) bumped up the target price from $16.00 to $22.00. At the time, this suggested an upside of 0.15%.
Having a price of $18.55, Mimecast (NASDAQ:MIME) traded 0.48% higher on the day. The last closing price is up 59.07% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Mimecast has recorded a 50-day average of $17.22 and a two hundred day average of $11.84. Volume of trade was down over the average, with 47,611 shares of MIME changing hands under the typical 265,232
See Chart Below
Mimecast has a 52 week low of $6.01 and a 52 week high of $20.10 MIME’s total market value is presently $0.
A total of 6 brokerages have released a research note on MIME. Two analysts rating the company a strong buy, 2 firms rating the stock a buy, 1 broker rating the stock a hold, 0 brokerages rating the company a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $13.83.
More About Mimecast (NASDAQ:MIME)
Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company's suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements. It has developed its cloud architecture to offer customers e-mail security, continuity and archiving capabilities in a single service. It has developed an operating system (OS) called Mime OS for native cloud services. It protects inbound and outbound e-mail from malware, spam, threats, e-mail denial of service (DoS) and distributed denial of service (DDoS), data leaks and other security threats. It also offers service bundles, and Mimecast mobile and desktop applications.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.