Quindell PLC Given “Buy” Rating at Canaccord Genuity (QPP)
Quindell PLC (LON:QPP)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Thursday. They currently have a GBX 362 ($6.09) price objective on the stock. Canaccord Genuity’s price target suggests a potential upside of 117.42% from the stock’s previous close.
Quindell PLC (LON:QPP) traded up 5.05% during mid-day trading on Thursday, hitting GBX 166.50. The stock had a trading volume of 4,156,132 shares. Quindell PLC has a one year low of GBX 138.07 and a one year high of GBX 682.50. The stock has a 50-day moving average of GBX 203.2 and a 200-day moving average of GBX 379.2.
A number of other firms have also recently commented on QPP. Analysts at Cenkos Securities Ltd reiterated a “buy” rating on shares of Quindell PLC in a research note on Monday, July 14th. Separately, analysts at Daniel Stewart & Co reiterated a “buy” rating on shares of Quindell PLC in a research note on Monday, July 14th. They now have a GBX 1,005 ($16.91) price target on the stock.
Quindell PLC is a holding company. The Company is engaged in sale of software and consulting services, and the provision of technology enabled business process outsourcing services to brands operating in the sectors, which include Insurance, Finance, Health and Legal; Telecoms, Utilities, Retail and E-commerce, and Government and Public Sector.
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