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Home / Stocks and Markets at Lows / ContourGlobal (GLO.L) 17-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

ContourGlobal (GLO.L) 17-04-20

ContourGlobal (GLO.L) has fallen dramatically from recent highs of 222.5p. Will it continue, or is this an opportunity to pick up a bargain?

  • Now trading at 143.6p (at time of writing). A return to previous highs would represent a rise of 54%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Investors should consider whether it is down for good reason, or is this another over-reaction?
  • Investors seeking a bargain should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -35% from 12-month highs; +5% from 12 month lows.

Latest News

07 Apr:  RBC Capital Markets reiterates its outperform rating on Contourglobal Plc Ord 1p Wi (GLO) and reduced the target price to 205p (from 310p).

17 Mar:  ContourGlobal, the power generating asset company,  posted an increase in profit as revenue was lifted by acquisitions. The company also announced it was to abandon plans to build a coal installation in Kosovo.

10 Jan:  Exane BNP Paribas reiterates its outperform rating on Contourglobal Plc Ord 1p Wi (GLO) and reduced the target price to 300p (from 310p).

05 Dec:  ContourGlobal announced that profits for the year would be ‘modestly’ shy of previous expectations due to delays in completing a takeover in Mexico.

12 Aug:  Joseph Brandt, Chief Executive Officer, bought 47,400 shares within the firm on the 8th August 2019 at a price of 165.51p. This Director currently has 1,736,927 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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