Quindell PLC Price Target Raised to GBX 87 at Canaccord Genuity (QPP)
Investment analysts at Canaccord Genuity upped their price target on shares of Quindell PLC (LON:QPP) from GBX 75 ($1.26) to GBX 87 ($1.46) in a note issued to investors on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 105.92% from the stock’s previous close.
A number of other analysts have also recently weighed in on QPP. Analysts at Daniel Stewart & Co reiterated a “buy” rating on shares of Quindell PLC in a research note on Tuesday, February 4th. They now have a GBX 48 ($0.80) price target on the stock.
Shares of Quindell PLC (LON:QPP) traded up 6.29% during mid-day trading on Tuesday, hitting GBX 42.25. The stock had a trading volume of 113,284,920 shares. Quindell PLC has a 52-week low of GBX 5.241 and a 52-week high of GBX 39.75. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
Quindell PLC, formerly Quindell Portfolio Plc, is a holding company engaged in selling of software and consulting services.
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