Allegro and CD Projekt to be worst stocks of Q1 2021 in Europe
14:57
In the first quarter, in the pan-European Stoxx 600 index, the worst rates of return were recorded by shares of two WSE companies: CD Projekt and Allegro. CD Projekt's price fell by 30.6 percent, and Allegro.eu by 34 percent.
The quotations of the first one were damaged by the unsuccessful premiere of Cyberpunk, as well as the lack of information in the new strategy that would give an impulse to an increase. Bernstein's analyst Matti Littunen, who lowered the target price from PLN 210 to PLN 198, has just joined the list of those analysts who value the company lower.
Allegro's quotations were harmed by the expansion of competition in the Polish market. The analysts' recommendations are extremely different – target prices range from PLN 60 to 95. However, the rate is already below the lowest of the valuations, because it is less than PLN 56.
The best company of the quarter in the Stoxx 600 index portfolio was the gambling Kindred Group (+90.8 percent), As much as 60.6 percent earned Porsche shares, and 56.6 percent. – Volkswagen. Among Polish companies – in the middle of the second hundred – the best earner was Bank Pekao (+15.6 percent).
