Proactive Investor13 Dec 2018 17:28
Irish stockbroker Davy Research recently initiated coverage of VR with an ‘outperform’ recommendation, saying it believes 2019 will be an inflection point for the company’s ENGAGE platform, with a large pick-up in orders across multiple industry players.
“While early-stage developments come with risks, we believe the combination of VRE's track record, the rapid reduction in VR headset costs and ENGAGE's unique offering positions the company as a leader in the promising educational VR space,” the broker said, as it set a 13p price target for the stock.
VR’s shares were up 37% at 14p in afternoon trading.