Canaccord Genuity Reiterates Buy Rating for Quindell PLC (QPP)
Quindell PLC (LON:QPP)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity in a report issued on Thursday. They currently have a GBX 362 ($6.05) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 71.95% from the stock’s previous close.
Shares of Quindell PLC (LON:QPP) opened at 194.75 on Thursday. Quindell PLC has a 1-year low of GBX 138.07 and a 1-year high of GBX 682.50. The stock’s 50-day moving average is GBX 193.7 and its 200-day moving average is GBX 368.3.
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 Thursday, August 7th. Finally, 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 ($16.80) 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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