Mimecast Ltd (NASDAQ:MIME)’s share price traded up 0.9% during trading on Friday . The stock traded as high as $31.71 and last traded at $29.28. 179,600 shares changed hands during trading, a decline of 17% from the average session volume of 217,667 shares. The stock had previously closed at $29.03.
Several equities analysts have commented on the stock. Dougherty & Co lifted their target price on shares of Mimecast from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Barclays lifted their target price on shares of Mimecast from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Jefferies Group reissued a “buy” rating and set a $38.00 target price on shares of Mimecast in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $33.00 price target on shares of Mimecast in a report on Wednesday, October 18th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $32.00) on shares of Mimecast in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.77.
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 1.42.
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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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