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Quindell (QPP) Share Price LSE Monday 3 November 2014

Quindell (QPP) Share Price LSE Monday 3 November 2014

Last week will have been fairly disappointing for Quindell (QPP) with share prices dropping 9.62% for the week from a high of 147.375p on Monday to as low as 128.625p on Friday before closing for the week at 134.00p

In fact it has been a disappointing month with shares down 13.63% for the month and down 61.88% for the past six month. Nonetheless, analysts are confident that the company will recover. Brokers Canaccord Genuity is recommending buying the shares and has set a target price of 362p. Brokers Daniel Stewart is also recommending buying and has set a far higher target price of 700p

Investors are certainly paying attention, on Friday 62.8% of Quinell shares that were traded were bought while 32.2% were sold. Quindell won an important five year contract with a major Canadian insurer earlier this month, so there are clearly reasons to be optimistic.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.




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