Quindell Cannacord broker rating £3.62

image

Cannacord maintain BUY recommendation and 362p price target. Target price is based on adjusted QuestTM fair value and equates to a FY14E EV/EBITDA of c.5x and P/E of c.7x.

Quindell due to report on H3 figures 21st October. Expect them to exceed market expectations as they have done for the last 9 quarters.

Advertisements

Comments are closed.