JP Morgan30 Jun 2017 15:27
The reason for the fall seems to be JP Morgan downgrading from overweight to neutral reducing target to £7.50 from £8.10, citing, With the risk that UK consumer spending will deteriorate in the months and years ahead, it is difficult to see a positive catalyst on the horizon,
However press does not seem to highlight today Barclays Capital maintain outperform @£7.80 and Beaufort maintains as a buy.
would think that £7.50 - £7.80 is a fair price at the moment.
Lots of 400 trades this morning, in and out manipulating the initial price down by about 5.5%. I wonder who was behind that?