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Quindell Share Price Continues to Fall

Quindell Share Price Continues to Fall

Quindell (QPP) shares got off to a disappointing start this week. After opening at 132.81, the share price dropped throughout the day, at times reaching as low as 128.375p, before closing at 130p. This came after the share price dropped throughout the previous week.

However, brokers remain confident regarding Quindell’s future, the most recent assessment by Daniel Steward assessed the shares at ‘Buy’ with a target price of 700p. The same is true of Canaccord Genuity but they have set a target price of 362p.

Investors are certainly taking note, during the first day of trading this week 62.07% of Quindell’s shares that were traded were bought while 37.93% were sold. Last month Quindell made some positive announcements regarding new contracts which have given analysts reason to believe that the company will turn itself around.

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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