Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Slow business forces near-term rethink on ECSC
Thursday 06 Jul 2017 Author: Steven Frazer

A slowdown in work at cyber security group ECSC (ECSC:AIM) has forced broker Stockdale to reverse its recently-upgraded price target for the stock.

Stockdale had raised its price target from 360p to 600p at the end of May. It has now cut the target back to 425p after a gloomy trading update that prompted a 31% slump in ESCS’s share price on 30 June.

ECSC says its pipeline of new work is taking longer than expected to generate revenue.

‹ Previous2017-07-06Next ›