We note recent share price weakness, driven by thin volumes on non-company-specific news. Rosenblatt’s shares were off 7.9% yesterday (down 33.3% from recent highs of 123p) , which we believe is an errant overreaction to the release of a short report on a different stock. Rosenblatt remains one of our top picks for 2019, as included in our Arden Best Ideas note in January. Our investment thesis remains wholly intact and unchanged, and we reiterate our buy recommendation with a 120p PT;
08 Aug 2019
Rosenblatt – Recent share price weakness offers great entry point
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Rosenblatt – Recent share price weakness offers great entry point
RBG Holdings Plc (RBGP:LON) | 12.2 -0.1 (-5.8%) | Mkt Cap: 15.8m
- Published:
08 Aug 2019 -
Author:
James Bayliss -
Pages:
2
We note recent share price weakness, driven by thin volumes on non-company-specific news. Rosenblatt’s shares were off 7.9% yesterday (down 33.3% from recent highs of 123p) , which we believe is an errant overreaction to the release of a short report on a different stock. Rosenblatt remains one of our top picks for 2019, as included in our Arden Best Ideas note in January. Our investment thesis remains wholly intact and unchanged, and we reiterate our buy recommendation with a 120p PT;