Barclays initiates coverage of Randall & Quilter at ‘overweight’
R&Q Insurance Holdings Ltd (DI)
0.08p
17:30 18/07/24
0.00%
0.00p
Barclays initiated coverage on shares of Randall & Quilter at ‘overweight’ on Wednesday, arguing the current price does not full reflect the positive fundamentals of the company’s equity story.
FTSE AIM 100
3,520.34
16:49 18/11/24
n/a
n/a
FTSE AIM All-Share
727.55
16:50 18/11/24
n/a
n/a
Insurance (non-life)
3,508.31
17:09 18/11/24
0.18%
6.15
These include the Program business reaching an inflection point; the value of the recent Legacy deals completed; and the industry-wide opportunities that now present themselves across both divisions.
The bank set a price target of 251p on the shares as it noted it’s "one of a handful of houses that cover this stock".
At 1315 GMT, the shares were up 1.9% at 186p.