Quindell Cannacord broker rating £3.62


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.


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