BMO Capital Markets assumed coverage on shares of Mimecast (NASDAQ:MIME) in a report released on Friday, Marketbeat.com reports. The brokerage issued an outperform rating and a $35.00 price target on the technology company’s stock.
MIME has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an outperform rating and issued a $37.00 price target (up from $33.00) on shares of Mimecast in a research note on Thursday, November 9th. BidaskClub lowered Mimecast from a hold rating to a sell rating in a research note on Friday, December 15th. JPMorgan Chase & Co. lowered Mimecast from an overweight rating to a neutral rating and set a $35.00 price target on the stock. in a research note on Tuesday, December 12th. Oppenheimer reaffirmed a buy rating and issued a $35.00 price target on shares of Mimecast in a research note on Monday, December 18th. Finally, Zacks Investment Research lowered Mimecast from a hold rating to a sell rating in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Mimecast presently has a consensus rating of Buy and an average price target of $33.77.
Shares of Mimecast (NASDAQ MIME) traded down $0.17 during trading hours on Friday, hitting $31.70. The stock had a trading volume of 93,324 shares, compared to its average volume of 325,200. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $1,820.00 and a price-to-earnings ratio of -186.47. Mimecast has a 12-month low of $18.33 and a 12-month high of $32.00.
Mimecast Company Profile
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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