Bwin.party Digital Entertainment (BPTY) Share Price Outlook LSE October 29
Bwin.party shares opened today at 99.50, up from yesterday’s close at 98.65. Today’s activity has been overwhelmingly horizontal, but share values are still hovering higher than opening. This month has been a strong one for Bwin having improved share values by 10% following their Q3 results. Revenue grew 2% to €148.7m. The rise is attributed to a rise in sports betting sales, which pushed another 11% from the previous review in Q2.
The company’s stock has made significant gains during the second half of the month following the dip shares took in mid-October.
Brokers and analysts are leaning to the buy end of the spectrum for investors looking to pick up shares on the upswing. Hold advisories have also been
The day’s trading activity has been leaning slightly in favour of brokers’ and analysts’ recommendations with 56.43% of volume taking place in purchases by investors.