Canaccord Genuity Reiterates “Buy” Rating for Quindell PLC (QPP)
Quindell PLC (LON:QPP)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They currently have a GBX 362 ($6.01) target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 106.73% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cenkos Securities Ltd reiterated a “buy” rating on shares of Quindell PLC in a research note on Thursday, August 21st.
Quindell PLC (LON:QPP) opened at 170.6713 on Monday. Quindell PLC has a 52-week low of GBX 138.07 and a 52-week high of GBX 682.50. The stock’s 50-day moving average is GBX 186.8 and its 200-day moving average is GBX 355.0.
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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