Ubisoft: Barclays nudges up target price
(CercleFinance.com) - On Tuesday Barclays inched up its target price for Ubisoft shares from E29 to E29.
15, while renewing its "equal weight" rating on the stock.
In its comments on the European media sector, the analyst said he expected the video game group to provide an update on its annual targets at its quarterly publication on Thursday 26 October.
The broker now expects net bookings of E367.8m for the three months to end-September, above a previous forecast of E362.5m: in comparison, Barclays says that Ubisoft had set itself a target of E350m for Q2.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
15, while renewing its "equal weight" rating on the stock.
In its comments on the European media sector, the analyst said he expected the video game group to provide an update on its annual targets at its quarterly publication on Thursday 26 October.
The broker now expects net bookings of E367.8m for the three months to end-September, above a previous forecast of E362.5m: in comparison, Barclays says that Ubisoft had set itself a target of E350m for Q2.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.