Mimecast (NASDAQ:MIME)‘s stock had its “buy” rating reaffirmed by research analysts at Oppenheimer in a research report issued to clients and investors on Monday. They presently have a $35.00 target price on the technology company’s stock. Oppenheimer’s price target would indicate a potential upside of 24.60% from the company’s previous close.
MIME has been the subject of a number of other reports. Barclays upped their price target on shares of Mimecast from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Dougherty & Co increased their target price on shares of Mimecast from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, November 6th. J P Morgan Chase & Co lowered shares of Mimecast from an “overweight” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Tuesday, December 12th. Jefferies Group reissued a “buy” rating and set a $35.00 target price on shares of Mimecast in a research note on Sunday, September 10th. Finally, BidaskClub lowered shares of Mimecast from a “hold” rating to a “sell” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.75.
Shares of Mimecast (MIME) traded up $0.73 during trading hours on Monday, hitting $28.09. 431,500 shares of the stock were exchanged, compared to its average volume of 296,839. Mimecast has a 12 month low of $16.75 and a 12 month high of $32.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.32.
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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.
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