Published On: Wed, Oct 19th, 2016

Current Price Targets For Mimecast Limited (NASDAQ:MIME)


Recently stock market analysts have updated their consensus ratings on shares of Mimecast Limited (NASDAQ:MIME).

Most recent broker ratings

10/14/2016 – JP Morgan began new coverage on Mimecast Limited giving the company a “overweight” rating. They now have a USD 25.5 price target on the stock.

10/03/2016 – Mimecast Limited had its “overweight” rating reiterated by analysts at Barclays. They now have a USD 22 price target on the stock.

09/01/2016 – Mimecast Limited had its “outperform” rating reiterated by analysts at Oppenheimer. They now have a USD 20 price target on the stock.

08/09/2016 – Mimecast Limited had its “buy” rating reiterated by analysts at Dougherty & Co. They now have a USD 16 price target on the stock.

04/15/2016 – Mimecast Limited was downgraded to “neutral” by analysts at Goldman Sachs. They now have a USD 10.5 price target on the stock.

12/14/2015 – RBC Capital began new coverage on Mimecast Limited giving the company a “outperform” rating. They now have a USD 15 price target on the stock.

12/14/2015 – Jefferies began new coverage on Mimecast Limited giving the company a “buy” rating. They now have a USD 18 price target on the stock.

Mimecast Limited has a 50 day moving average of 17.47 and a 200 day moving average of 12.07. The stock’s market capitalization is 1.05B, it has a 52-week low of 6.01 and a 52-week high of 20.10.

The share price of the company (NASDAQ:MIME) was up +2.71% during the last trading session, with a high of 19.58 and the volume of Mimecast Limited shares traded was 177660.

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.